PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — MPS Plastic Wall Products Inc, Sterling, VA

ALERT: There are 2 PPP loans for a total of $1.53M in our database for businesses with the name "MPS Plastic Wall Products Inc" in Sterling, VA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for MPS Plastic Wall Products Inc
VA

MPS Plastic Wall Products Inc

Entity: Corporation

Industry: Finish Carpentry Contractors

Location: Sterling, VA

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MPS Plastic Wall Products Inc is a corporation located at 22611 Markey Ct Ste 109 in Sterling, Virginia that received a Coronavirus-related PPP loan from the SBA of $711,728.00 in February, 2021.

The company has reported itself as a White female owned business, and employed at least 61 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2575708402

Loan Size:

$711,728

Jobs Retained:

61

Loan Approved:

2021-02-03

Loan Status:

Ongoing Loan

Lender:

John Marshall Bank

MPS Plastic Wall Products Inc in Sterling, VA received a Paycheck Protection Loan of $711,728 through John Marshall Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, MPS Plastic Wall Products Inc's 2019 payroll expenses are estimated to be at least $3.42M.

Based on their reported 61 jobs retained, this equals an estimated average yearly compensation of $56,005 per employee1

Reported PPP Proceed Usage:

On the PPP application, MPS Plastic Wall Products Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $711,728

Business Information - MPS Plastic Wall Products Inc in Sterling, VA

MPS Plastic Wall Products Inc
22611 Markey Ct Ste 109
Sterling, VA 20166

Business Industry:
Finish Carpentry Contractors
NAICS code 238350

Business Owner Demographics

Race: White

Ethnicity: Hispanic or Latino

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Loudoun County, VA — SBA Office 0353 — Congressional District: VA-10

Similar Companies near Sterling

In the Sterling area, 5 businesses in the "Finish Carpentry Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 61) and received an average PPP loan of $218,066 (compared to this company's $711,728).

Industry PPP Comparison Statistics

Nationwide, 20,687 businesses in the "Finish Carpentry Contractors" industry received a total of $977.78M 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 5 employees, 92% lower than MPS Plastic Wall Products Inc's reported 61 employees, and received an average PPP loan of $47,265, 93% lower than this company's loan of $711,728.

SBA PPP loan data, payroll data, and salaries for MPS Plastic Wall Products, Inc
VA

MPS Plastic Wall Products, Inc

Entity: Corporation

Industry: Other Building Finishing Contractors

Location: Sterling, VA

Search All PPP Data

MPS Plastic Wall Products, Inc is a corporation located at 22611 Markey Ct Suite 109 in Sterling, Virginia that received a Coronavirus-related PPP loan from the SBA of $817,596.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 61 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4724047304

Loan Size:

$817,596

Jobs Retained:

61

Loan Approved:

2020-04-30

Loan Status:

Ongoing Loan

Lender:

John Marshall Bank

MPS Plastic Wall Products, Inc in Sterling, VA received a Paycheck Protection Loan of $817,596 through John Marshall Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, MPS Plastic Wall Products, Inc's 2019 payroll expenses are estimated to be at least $3.92M.

Based on their reported 61 jobs retained, this equals an estimated average yearly compensation of $64,335 per employee1

Reported PPP Proceed Usage:

On the PPP application, MPS Plastic Wall Products, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $817,596

Business Information - MPS Plastic Wall Products, Inc in Sterling, VA

MPS Plastic Wall Products, Inc
22611 Markey Ct Suite 109
Sterling, VA 20166

Business Industry:
Other Building Finishing Contractors
NAICS code 238390

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Loudoun County, VA — SBA Office 0353 — Congressional District: VA-10

Similar Companies near Sterling

In the Sterling area, 7 businesses in the "Other Building Finishing Contractors" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 61) and received an average PPP loan of $1,112,088 (compared to this company's $817,596).

Industry PPP Comparison Statistics

Nationwide, 12,769 businesses in the "Other Building Finishing Contractors" industry received a total of $1.2B 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 9 employees, 85% lower than MPS Plastic Wall Products, Inc's reported 61 employees, and received an average PPP loan of $94,090, 88% lower than this company's loan of $817,596.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/mps-plastic-wall-products-inc-sterling-va