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PPP Loan Data — Marc Community Resources, Inc., Mesa, AZ

SBA PPP loan data, payroll data, and salaries for Marc Community Resources, Inc.
AZ Nonprofit Organization

Marc Community Resources, Inc.

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Mesa, AZ

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Marc Community Resources, Inc. is a non-profit organization located at 924 N Country Club Drive in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $4,687,500.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.69M

Jobs Retained:

500

Loan Approved:

2020-05-04

Lender:

MIDFIRST BANK

Marc Community Resources, Inc. received a Paycheck Protection Loan of $4.69M through MIDFIRST BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Marc Community Resources, Inc.'s total 2019 payroll expenses were approximately $22.5M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $45,000 per employee1.

Because the loan received by Marc Community Resources, 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 - Marc Community Resources, Inc. in Mesa, AZ

Marc Community Resources, Inc.
924 N Country Club Drive
Mesa, AZ 85201

Business Industry

Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-05

Similar Companies near Mesa

In the Mesa area, 2 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 449 employees (compared to this company's 500) and received an average PPP loan of $4,594,200 (compared to this company's $4.69M).

Similar Nearby Businesses Who Received PPP Funding:

Partners In Recovery
Mesa, AZ

$4.5M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 95% lower than Marc Community Resources, Inc.'s reported 500 employees, and received an average PPP loan of $244,297, 95% lower than this company's loan of $4.69M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/marc-community-resources-inc-mesa-az