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

PPP Loan Data — Calcon Mutual Mortgage LLC, San Diego, CA

SBA PPP loan data, payroll data, and salaries for Calcon Mutual Mortgage LLC
CA

Calcon Mutual Mortgage LLC

Entity: Limited Liability Company (LLC)

Industry: Real Estate Credit

Location: San Diego, CA

Search All PPP Data

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

Loan Size:

$4.96M

Jobs Retained:

432

Loan Approved:

2020-04-13

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.

Because the loan received by Calcon Mutual Mortgage LLC 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 - Calcon Mutual Mortgage LLC in San Diego, CA

Calcon Mutual Mortgage LLC
3131 Camino Del Rio N
San Diego, CA 92108

Business Industry

Real Estate Credit (NAICS code 522292)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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/calcon-mutual-mortgage-llc-san-diego-ca