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PPP Loan Data — Mriglobal Inc, Kansas City, MO

SBA PPP loan data, payroll data, and salaries for Mriglobal Inc
MO Nonprofit Organization

Mriglobal Inc

Entity: Non-profit Organization

Industry:

Location: Kansas City, MO

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Mriglobal Inc is a non-profit organization located at 425 Volker Blvd in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $6,992,380.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 391 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$6.99M

Jobs Retained:

391

Loan Approved:

2020-04-15

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Mriglobal Inc received a Paycheck Protection Loan of $6.99M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mriglobal Inc's total 2019 payroll expenses were approximately $33.56M in order to qualify for the PPP loan amount received.

Based on their reported 391 jobs retained, this equals an estimated average yearly compensation of $85,840 per employee1.

Because the loan received by Mriglobal Inc 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 - Mriglobal Inc in Kansas City, MO

Mriglobal Inc
425 Volker Blvd
Kansas City, MO 64110

Business Industry

(NAICS code )

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: VETERAN

Congressional District: MO-05

Industry PPP Comparison Statistics

Nationwide, 5,156,850 businesses in the "" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 97% lower than Mriglobal Inc's reported 391 employees, and received an average PPP loan of $101,409, 99% lower than this company's loan of $6.99M.

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.

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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/mriglobal-inc-kansas-city-mo