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PPP Loan Data — M Bar C Construction, Inc., San Marcos, CA

SBA PPP loan data, payroll data, and salaries for M Bar C Construction, Inc.
CA

M Bar C Construction, Inc.

Entity: Corporation

Industry: Power and Communication Line and Related Structures Construction

Location: San Marcos, CA

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M Bar C Construction, Inc. is a corporation located at 1770 La Costa Meadows Dr in San Marcos, California that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 180 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3M

Jobs Retained:

180

Loan Approved:

2020-04-07

Lender:

CITIZENS BUSINESS BANK

M Bar C Construction, Inc. in San Marcos, CA received a Paycheck Protection Loan of $3M through CITIZENS BUSINESS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, M Bar C Construction, Inc.'s total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $80,000 per employee1.

Because the loan received by M Bar C Construction, 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 - M Bar C Construction, Inc. in San Marcos, CA

M Bar C Construction, Inc.
1770 La Costa Meadows Dr
San Marcos, CA 92078

Business Industry

Power and Communication Line and Related Structures Construction (NAICS code 237130)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-50

Industry PPP Comparison Statistics

Nationwide, 2,531 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $727,350,112.00 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 20 employees, 89% lower than M Bar C Construction, Inc.'s reported 180 employees, and received an average PPP loan of $287,377, 90% lower than this company's loan of $3M.

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/m-bar-c-construction-inc-san-marcos-ca