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PPP Loan Data — M.J. Mctish & Associates, Allentown, PA

SBA PPP loan data, payroll data, and salaries for M.J. Mctish & Associates
PA

M.J. Mctish & Associates

Entity: Subchapter S Corporation

Industry: Engineering Services

Location: Allentown, PA

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M.J. Mctish & Associates is a subchapter s corporation located at 3500 Winchester Road in Allentown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,592,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.59M

Jobs Retained:

170

Loan Approved:

2020-04-28

Lender:

EMBASSY BANK FOR THE LEHIGH VALLEY

M.J. Mctish & Associates received a Paycheck Protection Loan of $2.59M through EMBASSY BANK FOR THE LEHIGH VALLEY, which was approved in April, 2020.

Based on standard PPP eligibility rules, M.J. Mctish & Associates' total 2019 payroll expenses were approximately $12.44M in order to qualify for the PPP loan amount received.

Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $73,197 per employee1.

Because the loan received by M.J. Mctish & Associates 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 - M.J. Mctish & Associates in Allentown, PA

M.J. Mctish & Associates
3500 Winchester Road
Allentown, PA 18104

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-07

Similar Companies near Allentown

In the Allentown area, 7 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 170) and received an average PPP loan of $514,639 (compared to this company's $2.59M).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 92% lower than M.J. Mctish & Associates' reported 170 employees, and received an average PPP loan of $249,856, 90% lower than this company's loan of $2.59M.

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/mj-mctish-and-associates-allentown-pa