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PPP Loan Data — Blue Mountain Construction Services Inc, Vacaville, CA

SBA PPP loan data, payroll data, and salaries for Blue Mountain Construction Services Inc
CA

Blue Mountain Construction Services Inc

Entity: Corporation

Industry: Residential Remodelers

Location: Vacaville, CA

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Blue Mountain Construction Services Inc is a corporation located at 707 Aldridge Rd in Vacaville, California that received a Coronavirus-related PPP loan from the SBA of $6,245,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.25M

Jobs Retained:

426

Loan Approved:

2020-04-27

Lender:

FLAGSTAR BANK, FSB

Blue Mountain Construction Services Inc in Vacaville, CA received a Paycheck Protection Loan of $6.25M through FLAGSTAR BANK, FSB, which was approved in April, 2020.

Based on standard PPP eligibility rules, Blue Mountain Construction Services Inc's total 2019 payroll expenses were approximately $29.98M in order to qualify for the PPP loan amount received.

Based on their reported 426 jobs retained, this equals an estimated average yearly compensation of $70,375 per employee1.

Because the loan received by Blue Mountain Construction Services 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 - Blue Mountain Construction Services Inc in Vacaville, CA

Blue Mountain Construction Services Inc
707 Aldridge Rd
Vacaville, CA 95688

Business Industry

Residential Remodelers (NAICS code 236118)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-03

Similar Companies near Vacaville

In the Vacaville area, 14 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 426) and received an average PPP loan of $482,194 (compared to this company's $6.25M).

Industry PPP Comparison Statistics

Nationwide, 53,839 businesses in the "Residential Remodelers" industry received a total of $2,497,962,542.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 99% lower than Blue Mountain Construction Services Inc's reported 426 employees, and received an average PPP loan of $46,397, 99% lower than this company's loan of $6.25M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/blue-mountain-construction-services-inc-vacaville-ca