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PPP Loan Data — MSP Management Services, Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for MSP Management Services
MO

MSP Management Services

Entity: Sole Proprietorship

Industry: Other Grantmaking and Giving Services

Location: Saint Louis, MO

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MSP Management Services is a sole proprietorship located in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.

$ PPP Loan Information
Loan #4457307206

Loan Size:

$25,300

Jobs Retained:

1

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

St. Louis Bank
Likely Employment Reduction3

MSP Management Services in Saint Louis, MO received a Paycheck Protection Loan of $25,300 through St. Louis Bank, 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 March, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, MSP Management Services reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,300

Business Information - MSP Management Services in Saint Louis, MO

MSP Management Services
Saint Louis, MO
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Grantmaking and Giving Services
NAICS code 813219

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Saint Louis County, MO — SBA Office 0768 — Congressional District: MO-02

Similar Companies near Saint Louis

In the Saint Louis area, 4 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 1) and received an average PPP loan of $281,295 (compared to this company's $25,300).

Industry PPP Comparison Statistics

Nationwide, 9,799 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.32B 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 15 employees, 1400% higher than MSP Management Services' reported 1 employees, and received an average PPP loan of $134,570, 432% higher than this company's loan of $25,300.

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.

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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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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Source: www.federalpay.org/paycheck-protection-program/msp-management-services-saint-louis-mo