PPP Loan Data — MTM Acquisition, Inc., South Portland, ME
MTM Acquisition, Inc. is a corporation located at 295 Gannett Drive in South Portland, Maine that received a Coronavirus-related PPP loan from the SBA of $3,812,900.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF NEW HAMPSHIRE
MTM Acquisition, Inc. received a Paycheck Protection Loan of $3.81M through BANK OF NEW HAMPSHIRE, which was approved in April, 2020.
Based on standard PPP eligibility rules, MTM Acquisition, Inc.'s total 2019 payroll expenses were approximately $18.3M in order to qualify for the PPP loan amount received.
Based on their reported 294 jobs retained, this equals an estimated average yearly compensation of $62,251 per employee1.
Business Information - MTM Acquisition, Inc. in South Portland, ME
295 Gannett Drive
South Portland, ME 4106
Newspaper Publishers (NAICS code 511110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ME-01
Similar Companies near South Portland
In the South Portland area, 2 businesses in the "Newspaper Publishers" industry received a PPP loan. These local businesses reported an average of 151 employees (compared to this company's 294) and received an average PPP loan of $1,944,000 (compared to this company's $3.81M).
Similar Nearby Businesses Who Received PPP Funding:
New Portland Publishing, Inc
Industry PPP Comparison Statistics
Nationwide, 2,840 businesses in the "Newspaper Publishers" industry received a total of $401,663,111.00 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 14 employees, 95% lower than MTM Acquisition, Inc.'s reported 294 employees, and received an average PPP loan of $141,431, 96% lower than this company's loan of $3.81M.
FederalPay's PPP Information Policy
Footnotes & Information
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