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PPP Loan Data — Microbac Laboratories, Inc., Pittsburgh, PA

SBA PPP loan data, payroll data, and salaries for Microbac Laboratories, Inc.
PA

Microbac Laboratories, Inc.

Entity: Corporation

Industry: Testing Laboratories

Location: Pittsburgh, PA

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Microbac Laboratories, Inc. is a corporation located at 1 Allegheny Sq in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,936,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 498 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.94M

Jobs Retained:

498

Loan Approved:

2020-04-10

Lender:

DOLLAR BANK, A FEDERAL SAVINGS BANK

Microbac Laboratories, Inc. received a Paycheck Protection Loan of $4.94M through DOLLAR BANK, A FEDERAL SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Microbac Laboratories, Inc.'s total 2019 payroll expenses were approximately $23.7M in order to qualify for the PPP loan amount received.

Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $47,582 per employee1.

Because the loan received by Microbac Laboratories, Inc. 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 - Microbac Laboratories, Inc. in Pittsburgh, PA

Microbac Laboratories, Inc.
1 Allegheny Sq
Pittsburgh, PA 15212

Business Industry

Testing Laboratories (NAICS code 541380)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: PA-18

Similar Companies near Pittsburgh

In the Pittsburgh area, 2 businesses in the "Testing Laboratories" industry received a PPP loan. These local businesses reported an average of 252 employees (compared to this company's 498) and received an average PPP loan of $2,501,804 (compared to this company's $4.94M).

Similar Nearby Businesses Who Received PPP Funding:

LBS Reliability Services, Inc
Pittsburgh, PA

$67,007 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,909 businesses in the "Testing Laboratories" industry received a total of $594,088,408.00 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 16 employees, 97% lower than Microbac Laboratories, Inc.'s reported 498 employees, and received an average PPP loan of $204,224, 96% lower than this company's loan of $4.94M.

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.

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/microbac-laboratories-inc-pittsburgh-pa