PPP Loan Data — MP Environmental Services, Inc., Bakersfield, CA
MP Environmental Services, Inc.
Entity: Subchapter S Corporation
Location: Bakersfield, CATweet This • Search All PPP Data
MP Environmental Services, Inc. is a subchapter s corporation located at 3400 Manor Street in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $3,613,000.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
MP Environmental Services, Inc. received a Paycheck Protection Loan of $3.61M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, MP Environmental Services, Inc.'s total 2019 payroll expenses were approximately $17.34M in order to qualify for the PPP loan amount received.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $76,736 per employee1.
Business Information - MP Environmental Services, Inc. in Bakersfield, CA
3400 Manor Street
Bakersfield, CA 93308
Specialized Freight (except Used Goods) Trucking, Long-Distance (NAICS code 484230)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-23
Similar Companies near Bakersfield
In the Bakersfield area, 10 businesses in the "Specialized Freight (except Used Goods) Trucking, Long-Distance" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 226) and received an average PPP loan of $560,164 (compared to this company's $3.61M).
Similar Nearby Businesses Who Received PPP Funding:
Express Transpro Inc.
Double Eagle Produce & Transportation, Inc.
J Torres Company Inc.
Stevens Transportation Inc
Georgeco Enterprises Inc.
For-U-All Transport, Inc
Oregon Transport Inc
Industry PPP Comparison Statistics
Nationwide, 7,881 businesses in the "Specialized Freight (except Used Goods) Trucking, Long-Distance" industry received a total of $718,172,322.00 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 7 employees, 97% lower than MP Environmental Services, Inc.'s reported 226 employees, and received an average PPP loan of $91,127, 97% lower than this company's loan of $3.61M.
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.
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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