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PPP Loan Data — MAC AG Inc, Santa Maria, CA

SBA PPP loan data, payroll data, and salaries for MAC AG Inc
CA

MAC AG Inc

Entity: Corporation

Industry: Strawberry Farming

Location: Santa Maria, CA

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MAC AG Inc is a corporation located at 1512 E Rose in Santa Maria, California that received a Coronavirus-related PPP loan from the SBA of $52,935.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$52,935

Jobs Retained:

51

Loan Approved:

2020-04-14

Lender:

MECHANICS BANK

MAC AG Inc received a Paycheck Protection Loan of $52,935 through MECHANICS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, MAC AG Inc's total 2019 payroll expenses were approximately $254,088 in order to qualify for the PPP loan amount received.

Based on their reported 51 jobs retained, this equals an estimated average yearly compensation of $4,982 per employee1.

Business Information - MAC AG Inc in Santa Maria, CA

MAC AG Inc
1512 E Rose
Santa Maria, CA 93454

Business Industry

Strawberry Farming (NAICS code 111333)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-24

Similar Companies near Santa Maria

In the Santa Maria area, 14 businesses in the "Strawberry Farming" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 51) and received an average PPP loan of $1,243,590 (compared to this company's $52,935).

Industry PPP Comparison Statistics

Nationwide, 218 businesses in the "Strawberry Farming" industry received a total of $76,138,258.00 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 53 employees, 4% higher than MAC AG Inc's reported 51 employees, and received an average PPP loan of $349,258, 560% higher than this company's loan of $52,935.

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. 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/mac-ag-inc-santa-maria-ca