PPP Loan Data — Minghua USA Inc, Greer, SC
Minghua USA Inc is a corporation located at 1000 Robinson Rd in Greer, South Carolina that received a Coronavirus-related PPP loan from the SBA of $3,623,375.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Minghua USA Inc received a Paycheck Protection Loan of $3.62M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Minghua USA Inc's total 2019 payroll expenses were approximately $17.39M in order to qualify for the PPP loan amount received.
Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $61,240 per employee1.
Business Information - Minghua USA Inc in Greer, SC
1000 Robinson Rd
Greer, SC 29651
Other Motor Vehicle Parts Manufacturing (NAICS code 336390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SC-04
Industry PPP Comparison Statistics
Nationwide, 1,012 businesses in the "Other Motor Vehicle Parts Manufacturing" industry received a total of $430,804,983.00 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 33 employees, 88% lower than Minghua USA Inc's reported 284 employees, and received an average PPP loan of $425,697, 88% lower than this company's loan of $3.62M.
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Footnotes & Information
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