PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — The Meramec Group Inc, Sullivan, MO

ALERT: There are 2 PPP loans for a total of $4.25M in our database for businesses with the name "The Meramec Group Inc" in Sullivan, MO. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for The Meramec Group Inc
MO

The Meramec Group Inc

Entity: Subchapter S Corporation

Industry: Footwear Manufacturing

Location: Sullivan, MO

Search All PPP Data

The Meramec Group Inc is a subchapter s corporation located at 338 Ramsey Dr in Sullivan, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.

$ PPP Loan Information
Loan #3735138903

Loan Size:

$2M

Jobs Retained:

277

Loan Approved:

2021-04-28

Loan Status:

Ongoing Loan

Lender:

Commerce Bank

The Meramec Group Inc in Sullivan, MO received a Paycheck Protection Loan of $2M through Commerce Bank, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Meramec Group Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $34,657 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Meramec Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,999
  • Utilities: $1
Because the loan received by The Meramec Group 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 - The Meramec Group Inc in Sullivan, MO

The Meramec Group Inc
338 Ramsey Dr
Sullivan, MO 63080

Business Industry:
Footwear Manufacturing
NAICS code 316210

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: Y

HUBZone: Y

Rural / Urban: Rural

Franklin County, MO — SBA Office 0768 — Congressional District: MO-03

Similar Companies near Sullivan

In the Sullivan area, 4 businesses in the "Footwear Manufacturing" industry received a PPP loan. These local businesses reported an average of 194 employees (compared to this company's 277) and received an average PPP loan of $1,169,535 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Latitudes Inc
Sullivan, MO

$210,639 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 649 businesses in the "Footwear Manufacturing" industry received a total of $96.42M 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, 95% lower than The Meramec Group Inc's reported 277 employees, and received an average PPP loan of $148,563, 93% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for The Meramec Group, Inc
MO

The Meramec Group, Inc

Entity: Subchapter S Corporation

Industry: Footwear Manufacturing

Location: Sullivan, MO

Search All PPP Data

The Meramec Group, Inc is a subchapter s corporation located at 338 Ramsey Drive in Sullivan, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,248,900.00 in April, 2020.

$ PPP Loan Information
Loan #9047387001

Loan Size:

$2.25M

Jobs Retained:

228

Loan Approved:

2020-04-09

Loan Status:

Ongoing Loan

Lender:

Commerce Bank

The Meramec Group, Inc in Sullivan, MO received a Paycheck Protection Loan of $2.25M through Commerce Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Meramec Group, Inc's 2019 payroll expenses are estimated to be at least $10.79M.

Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $47,345 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Meramec Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,110,900
  • Utilities: $60,000
  • Rent: $42,000
  • Refinance EIDL: $36,000
Because the loan received by The Meramec Group, 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 - The Meramec Group, Inc in Sullivan, MO

The Meramec Group, Inc
338 Ramsey Drive
Sullivan, MO 63080

Business Industry:
Footwear Manufacturing
NAICS code 316210

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: Y

HUBZone: Y

Rural / Urban: Rural

Franklin County, MO — SBA Office 0768 — Congressional District: MO-03

Similar Companies near Sullivan

In the Sullivan area, 4 businesses in the "Footwear Manufacturing" industry received a PPP loan. These local businesses reported an average of 194 employees (compared to this company's 228) and received an average PPP loan of $1,169,535 (compared to this company's $2.25M).

Similar Nearby Businesses Who Received PPP Funding:

Latitudes Inc
Sullivan, MO

$210,639 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 649 businesses in the "Footwear Manufacturing" industry received a total of $96.42M 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, 93% lower than The Meramec Group, Inc's reported 228 employees, and received an average PPP loan of $148,563, 93% lower than this company's loan of $2.25M.

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.

Search FederalPay's Full PPP Loan Database

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.


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Source: www.federalpay.org/paycheck-protection-program/the-meramec-group-inc-sullivan-mo