PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated September 30, 2023)

PPP Loan Data — MAC Acquisition Of New Jersey LLC, Denver, CO

SBA PPP loan data, payroll data, and salaries for MAC Acquisition Of New Jersey LLC

MAC Acquisition Of New Jersey LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: Denver, CO

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MAC Acquisition Of New Jersey LLC is a limited liability company (LLC) located at 1855 Blake St Suite 200 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,857,468.00 in April, 2020.

$ PPP Loan Information
Loan #7752467302

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Loan Source Incorporated

MAC Acquisition Of New Jersey LLC in Denver, CO received a Paycheck Protection Loan of $3.86M through Loan Source Incorporated, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2023.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, MAC Acquisition Of New Jersey LLC's 2019 payroll expenses are estimated to be at least $18.52M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $37,032 per employee1

Reported PPP Proceed Usage:

On the PPP application, MAC Acquisition Of New Jersey LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,893,101
  • Utilities: $514,367
  • Rent: $450,000
Because the loan received by MAC Acquisition Of New Jersey 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 - MAC Acquisition Of New Jersey LLC in Denver, CO

MAC Acquisition Of New Jersey LLC
1855 Blake St Suite 200
Denver, CO 80202

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Denver County, CO — SBA Office 0811 — Congressional District: CO-01

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as MAC Acquisition Of New Jersey LLC.

Sullivan's Holding LLC
Full-Service Restaurants

$5.31M PPP Loan

Similar Companies near Denver

In the Denver area, 280 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 500) and received an average PPP loan of $346,526 (compared to this company's $3.86M).

Industry PPP Comparison Statistics

Nationwide, 326,447 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 96% lower than MAC Acquisition Of New Jersey LLC's reported 500 employees, and received an average PPP loan of $130,223, 97% lower than this company's loan of $3.86M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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