PPP Loan Data — Mid-Atlantic Finance Co., Inc., Clearwater, FL
Mid-Atlantic Finance Co., Inc. is a subchapter s corporation located at 4592 Ulmerton Rd in Clearwater, Florida that received a Coronavirus-related PPP loan from the SBA of $2,627,000.00 in April, 2020.
$ PPP Loan Information
Mid-Atlantic Finance Co., Inc. received a Paycheck Protection Loan of $2.63M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mid-Atlantic Finance Co., Inc.'s total 2019 payroll expenses were approximately $12.61M in order to qualify for the PPP loan amount received.
Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $47,945 per employee1.
Business Information - Mid-Atlantic Finance Co., Inc. in Clearwater, FL
4592 Ulmerton Rd
Clearwater, FL 33762
Consumer Lending (NAICS code 522291)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-13
Industry PPP Comparison Statistics
Nationwide, 1,653 businesses in the "Consumer Lending" industry received a total of $270,440,458.00 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 13 employees, 95% lower than Mid-Atlantic Finance Co., Inc.'s reported 263 employees, and received an average PPP loan of $163,606, 94% lower than this company's loan of $2.63M.
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Footnotes & Information
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