PPP Loan Data — Modula Inc, Lewiston, ME
Location: Lewiston, METweet This • Search All PPP Data
Modula Inc is a corporation located at 90 Alfred Plourde Parkway in Lewiston, Maine that received a Coronavirus-related PPP loan from the SBA of $1,884,688.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Modula Inc in Lewiston, ME received a Paycheck Protection Loan of $1.88M through TD Bank, National Association, 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, Modula Inc's 2019 payroll expenses are estimated to be at least $9.05M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $69,588 per employee1
Reported PPP Proceed Usage:
On the PPP application, Modula Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,884,688
Business Information - Modula Inc in Lewiston, ME
90 Alfred Plourde Parkway
Lewiston, ME 4240
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 10,517 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $920.57M 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 8 employees, 94% lower than Modula Inc's reported 130 employees, and received an average PPP loan of $87,532, 95% lower than this company's loan of $1.88M.
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Footnotes & Information
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