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PPP Loan Data — Mower Mate Inc,
Royal Palm Beach, FL
Mower Mate Inc
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Royal Palm Beach, FL
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Mower Mate Inc is a subchapter s corporation located at 370 Business Park Way in Royal Palm Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $22,200.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
5Loan Approved:
2020-05-01Lender:
PNC BANK, NATIONAL ASSOCIATIONMower Mate Inc received a Paycheck Protection Loan of $22,200 through PNC BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Mower Mate Inc's total 2019 payroll expenses were approximately $106,560 in order to qualify for the PPP loan amount received.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $21,312 per employee1.
Business Information - Mower Mate Inc in Royal Palm Beach, FL
370 Business Park Way
Royal Palm Beach, FL 33411
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-20Similar Companies near Royal Palm Beach
In the Royal Palm Beach area, 23 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 5) and received an average PPP loan of $653,433 (compared to this company's $22,200).
Similar Nearby Businesses Who Received PPP Funding:
Propel Engineering
West Palm Beach, FL
Herplaz Group Inc
Palm Beach, FL
JFO Group Inc.
West Palm Beach, FL
Nefco Systems, Inc
Palm Beach Gardens, FL
Engineered Power Products Inc
Royal Palm Beach, FL
Philip Jose II
West Palm Beach, FL
Sugar Machinery Engineering Inc
Royal Palm Beach, FL
Agilis Measurement Systems
Palm Beach Gardens, FL
Curtis Sinclair Inc
Palm Beach Gardens, FL
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, 180% higher than Mower Mate Inc's reported 5 employees, and received an average PPP loan of $249,856, 1025% higher than this company's loan of $22,200.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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