PPP Loan Data — Mssl Wiring System Inc., Warren, OH
Mssl Wiring System Inc. is a located at 8640 East Market Street in Warren, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,269,545.00 in May, 2020.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
Mssl Wiring System Inc. received a Paycheck Protection Loan of $4.27M through TCF NATIONAL BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Mssl Wiring System Inc.'s total 2019 payroll expenses were approximately $20.49M in order to qualify for the PPP loan amount received.
Based on their reported 384 jobs retained, this equals an estimated average yearly compensation of $53,369 per employee1.
Business Information - Mssl Wiring System Inc. in Warren, OH
8640 East Market Street
Warren, OH 44484
Unknown (NAICS code 0)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-13
Similar Companies near Warren
In the Warren area, 630 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 384) and received an average PPP loan of $219,974 (compared to this company's $4.27M).
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Industry PPP Comparison Statistics
Nationwide, 5,156,850 businesses in the "Unknown" 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 Mssl Wiring System Inc.'s reported 384 employees, and received an average PPP loan of $101,409, 98% lower than this company's loan of $4.27M.
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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