PPP Loan Data — Metra Electronics Corporation, Holly Hill, FL
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
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.
Business Information - Metra Electronics Corporation in Holly Hill, FL
460 Walker St
Holly Hill, FL 32117
Other Electronic Component Manufacturing (NAICS code 334419)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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
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.
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