PPP Loan Data — Calcon Mutual Mortgage LLC, San Diego, CA
Calcon Mutual Mortgage LLC is a limited liability company (LLC) located at 3131 Camino Del Rio N in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $4,964,200.00 in April, 2020.
$ PPP Loan Information
Lender:MERCHANTS BANK OF INDIANA
Calcon Mutual Mortgage LLC received a Paycheck Protection Loan of $4.96M through MERCHANTS BANK OF INDIANA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Calcon Mutual Mortgage LLC's total 2019 payroll expenses were approximately $23.83M in order to qualify for the PPP loan amount received.
Based on their reported 432 jobs retained, this equals an estimated average yearly compensation of $55,158 per employee1.
Business Information - Calcon Mutual Mortgage LLC in San Diego, CA
3131 Camino Del Rio N
San Diego, CA 92108
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-53
Similar Companies near San Diego
In the San Diego area, 3 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 147 employees (compared to this company's 432) and received an average PPP loan of $1,696,192 (compared to this company's $4.96M).
Similar Nearby Businesses Who Received PPP Funding:
Poseidon Real Estate Solutions, Inc.
San Diego, CA
Courtesy Mortgage Company, A California Corporation
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 1,706 businesses in the "Real Estate Credit" industry received a total of $570,275,600.00 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 21 employees, 95% lower than Calcon Mutual Mortgage LLC's reported 432 employees, and received an average PPP loan of $334,276, 93% lower than this company's loan of $4.96M.
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.
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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