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

PPP Loan Data — Bay City Mechanical, Inc, Richmond, CA

SBA PPP loan data, payroll data, and salaries for Bay City Mechanical, Inc
CA

Bay City Mechanical, Inc

Entity: Subchapter S Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Richmond, CA

Search All PPP Data

Bay City Mechanical, Inc is a subchapter s corporation located at 870 Harbour Way South in Richmond, California that received a Coronavirus-related PPP loan from the SBA of $5,611,583.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.61M

Jobs Retained:

270

Loan Approved:

2020-04-30

Lender:

BANK OF THE WEST

Bay City Mechanical, Inc in Richmond, CA received a Paycheck Protection Loan of $5.61M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bay City Mechanical, Inc's total 2019 payroll expenses were approximately $26.94M in order to qualify for the PPP loan amount received.

Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $99,761 per employee1.

Because the loan received by Bay City Mechanical, 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 - Bay City Mechanical, Inc in Richmond, CA

Bay City Mechanical, Inc
870 Harbour Way South
Richmond, CA 94804

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-11

Similar Companies near Richmond

In the Richmond area, 12 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 270) and received an average PPP loan of $588,109 (compared to this company's $5.61M).

Industry PPP Comparison Statistics

Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 96% lower than Bay City Mechanical, Inc's reported 270 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $5.61M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bay-city-mechanical-inc-richmond-ca