PPP Loan Data — Mideast Delivery Solutions LLC, Mason, OH
Mideast Delivery Solutions LLC is a subchapter s corporation located at 3579 Morris Ct in Mason, Ohio that received a Coronavirus-related PPP loan from the SBA of $114,982.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 479 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
Mideast Delivery Solutions LLC in Mason, OH received a Paycheck Protection Loan of $114,982 through The Huntington National 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Mideast Delivery Solutions LLC's 2019 payroll expenses are estimated to be at least $551,914.
Based on their reported 479 jobs retained, this equals an estimated average yearly compensation of $1,152 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mideast Delivery Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $114,982
Business Information - Mideast Delivery Solutions LLC in Mason, OH
3579 Morris Ct
Mason, OH 45040
Local Messengers and Local Delivery
NAICS code 492210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mason
In the Mason area, 6 businesses in the "Local Messengers and Local Delivery" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 479) and received an average PPP loan of $28,376 (compared to this company's $114,982).
Similar Nearby Businesses Who Received PPP Funding:
Xclusive Delivery Services LLC
Casey P Kinane
Industry PPP Comparison Statistics
Nationwide, 56,375 businesses in the "Local Messengers and Local Delivery" industry received a total of $840.9M 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 2 employees, 100% lower than Mideast Delivery Solutions LLC's reported 479 employees, and received an average PPP loan of $14,916, 87% lower than this company's loan of $114,982.
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Footnotes & Information
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