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PPP Loan Data — Markstein Sales Company, Antioch, CA

SBA PPP loan data, payroll data, and salaries for Markstein Sales Company
CA

Markstein Sales Company

Entity: Subchapter S Corporation

Industry: Beer and Ale Merchant Wholesalers

Location: Antioch, CA

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Markstein Sales Company is a subchapter s corporation located at 1645 Drive In Way in Antioch, California that received a Coronavirus-related PPP loan from the SBA of $2,436,595.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

172

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Markstein Sales Company in Antioch, CA received a Paycheck Protection Loan of $2.44M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Markstein Sales Company's total 2019 payroll expenses were approximately $11.7M in order to qualify for the PPP loan amount received.

Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $67,998 per employee1.

Because the loan received by Markstein Sales Company 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 - Markstein Sales Company in Antioch, CA

Markstein Sales Company
1645 Drive In Way
Antioch, CA 94509

Business Industry

Beer and Ale Merchant Wholesalers (NAICS code 424810)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-09

Industry PPP Comparison Statistics

Nationwide, 1,103 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $586,037,858.00 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 43 employees, 75% lower than Markstein Sales Company's reported 172 employees, and received an average PPP loan of $531,313, 78% lower than this company's loan of $2.44M.

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.

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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Source: www.federalpay.org/paycheck-protection-program/markstein-sales-company-antioch-ca