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PPP Loan Data — Mason Mcduffie Mortgage Corporation, San Ramon, CA

SBA PPP loan data, payroll data, and salaries for Mason Mcduffie Mortgage Corporation
CA

Mason Mcduffie Mortgage Corporation

Entity: Subchapter S Corporation

Industry: Real Estate Credit

Location: San Ramon, CA

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Mason Mcduffie Mortgage Corporation is a subchapter s corporation located at 2430 Camino Ramon in San Ramon, California that received a Coronavirus-related PPP loan from the SBA of $3,125,715.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.13M

Jobs Retained:

208

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Mason Mcduffie Mortgage Corporation received a Paycheck Protection Loan of $3.13M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Mason Mcduffie Mortgage Corporation's total 2019 payroll expenses were approximately $15M in order to qualify for the PPP loan amount received.

Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $72,132 per employee1.

Because the loan received by Mason Mcduffie Mortgage Corporation 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 - Mason Mcduffie Mortgage Corporation in San Ramon, CA

Mason Mcduffie Mortgage Corporation
2430 Camino Ramon
San Ramon, CA 94583

Business Industry

Real Estate Credit (NAICS code 522292)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-15

Similar Companies near San Ramon

In the San Ramon area, 3 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 208) and received an average PPP loan of $1,052,118 (compared to this company's $3.13M).

Industry PPP Comparison Statistics

Nationwide, 1,706 businesses in the "Real Estate Credit" industry received a total of $570,275,600.00 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 21 employees, 90% lower than Mason Mcduffie Mortgage Corporation's reported 208 employees, and received an average PPP loan of $334,276, 89% lower than this company's loan of $3.13M.

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.

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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/mason-mcduffie-mortgage-corporation-san-ramon-ca