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PPP Loan Data — The Mannik & Smith Group, Inc.,
Maumee, OH
The Mannik & Smith Group, Inc.
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Maumee, OH
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The Mannik & Smith Group, Inc. is a subchapter s corporation located at 1800 Indian Wood Cir in Maumee, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,660,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-04Lender:
SIGNATURE BANK, NATIONAL ASSOCIATIONThe Mannik & Smith Group, Inc. in Maumee, OH received a Paycheck Protection Loan of $4.66M through SIGNATURE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Mannik & Smith Group, Inc.'s total 2019 payroll expenses were approximately $22.37M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $89,480 per employee1.
Business Information - The Mannik & Smith Group, Inc. in Maumee, OH
1800 Indian Wood Cir
Maumee, OH 43537
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-05Similar Companies near Maumee
In the Maumee area, 8 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 250) and received an average PPP loan of $1,812,794 (compared to this company's $4.66M).
Similar Nearby Businesses Who Received PPP Funding:
Buehrer Group Architecture & Engineering, Inc.
Maumee, OH
Matrix Technologies, Inc.
Maumee, OH
MDA Engineering, Inc.
Maumee, OH
Design Engineers & Consulting Associates, Inc.
Maumee, OH
DGL Consulting Engineers LLC
Maumee, OH
Program Solutions Group, LLC
Maumee, OH
The Jdi Group, Inc
Maumee, OH
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 94% lower than The Mannik & Smith Group, Inc.'s reported 250 employees, and received an average PPP loan of $249,856, 95% lower than this company's loan of $4.66M.
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, 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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