PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Metrix LLC, Watertown, SD

ALERT: There are 2 PPP loans for a total of $999,097 in our database for businesses with the name "Metrix LLC" in Watertown, SD. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Metrix LLC
SD

Metrix LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing

Location: Watertown, SD

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Metrix LLC is a limited liability company (LLC) located at 300 Pheasant Ridge Dr in Watertown, South Dakota that received a Coronavirus-related PPP loan from the SBA of $476,517.00 in March, 2021.

$ PPP Loan Information
Loan #6275038605

Loan Size:

$476,517

Jobs Retained:

44

Loan Approved:

2021-03-23

Loan Status:

Active Un-Disbursed

Lender:

Bryant State Bank
PPP Funds Undisbursed

Metrix LLC in Watertown, SD received a Paycheck Protection Loan of $476,517 through Bryant State Bank, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $476,517 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Metrix LLC's 2019 payroll expenses are estimated to be at least $2.29M.

Based on their reported 44 jobs retained, this equals an estimated average yearly compensation of $51,984 per employee1

Reported PPP Proceed Usage:

On the PPP application, Metrix LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $476,511
  • Utilities: $1

Business Information - Metrix LLC in Watertown, SD

Metrix LLC
300 Pheasant Ridge Dr
Watertown, SD 57201

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Codington County, SD — SBA Office 0876 — Congressional District: SD-

Similar Companies near Watertown

In the Watertown area, 4 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 44) and received an average PPP loan of $287,916 (compared to this company's $476,517).

Industry PPP Comparison Statistics

Nationwide, 8,434 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1.95B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 20 employees, 55% lower than Metrix LLC's reported 44 employees, and received an average PPP loan of $231,549, 51% lower than this company's loan of $476,517.

SBA PPP loan data, payroll data, and salaries for Metrix, LLC
SD

Metrix, LLC

Entity: Limited Liability Company (LLC)

Industry: Automotive Body, Paint, and Interior Repair and Maintenance

Location: Watertown, SD

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Metrix, LLC is a limited liability company (LLC) located at 300 Pheasant Ridge Dr in Watertown, South Dakota that received a Coronavirus-related PPP loan from the SBA of $522,580.00 in April, 2020.

$ PPP Loan Information
Loan #4739557100

Loan Size:

$522,580

Jobs Retained:

48

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

Great Western Bank

Metrix, LLC in Watertown, SD received a Paycheck Protection Loan of $522,580 through Great Western Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Metrix, LLC's 2019 payroll expenses are estimated to be at least $2.51M.

Based on their reported 48 jobs retained, this equals an estimated average yearly compensation of $52,258 per employee1

Reported PPP Proceed Usage:

On the PPP application, Metrix, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $522,580

Business Information - Metrix, LLC in Watertown, SD

Metrix, LLC
300 Pheasant Ridge Dr
Watertown, SD 57201

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Codington County, SD — SBA Office 0876 — Congressional District: SD-

Similar Companies near Watertown

In the Watertown area, 11 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 48) and received an average PPP loan of $69,685 (compared to this company's $522,580).

Industry PPP Comparison Statistics

Nationwide, 41,993 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a total of $2.54B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, 88% lower than Metrix, LLC's reported 48 employees, and received an average PPP loan of $60,493, 88% lower than this company's loan of $522,580.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/metrix-llc-watertown-sd