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PPP Loan Data — Metra Electronics Corporation, Holly Hill, FL

SBA PPP loan data, payroll data, and salaries for Metra Electronics Corporation
FL

Metra Electronics Corporation

Entity: Corporation

Industry: Other Electronic Component Manufacturing

Location: Holly Hill, FL

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Metra Electronics Corporation is a corporation located at 460 Walker St in Holly Hill, Florida that received a Coronavirus-related PPP loan from the SBA of $4,224,058.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 325 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.22M

Jobs Retained:

325

Loan Approved:

2020-04-28

Lender:

SOUTH STATE BANK, NATIONAL ASSOCIATION

Metra Electronics Corporation in Holly Hill, FL received a Paycheck Protection Loan of $4.22M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Metra Electronics Corporation's total 2019 payroll expenses were approximately $20.28M in order to qualify for the PPP loan amount received.

Based on their reported 325 jobs retained, this equals an estimated average yearly compensation of $62,386 per employee1.

Because the loan received by Metra Electronics Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Metra Electronics Corporation in Holly Hill, FL

Metra Electronics Corporation
460 Walker St
Holly Hill, FL 32117

Business Industry

Other Electronic Component Manufacturing (NAICS code 334419)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: FL-06

Similar Companies near Holly Hill

In the Holly Hill area, 2 businesses in the "Other Electronic Component Manufacturing" industry received a PPP loan. These local businesses reported an average of 163 employees (compared to this company's 325) and received an average PPP loan of $2,121,979 (compared to this company's $4.22M).

Similar Nearby Businesses Who Received PPP Funding:

Creative Motorsport Solutions USA LLC
Daytona Beach, FL

$19,900 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,514 businesses in the "Other Electronic Component Manufacturing" industry received a total of $388,003,044.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 20 employees, 94% lower than Metra Electronics Corporation's reported 325 employees, and received an average PPP loan of $256,277, 94% lower than this company's loan of $4.22M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/metra-electronics-corporation-holly-hill-fl