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PPP Loan Data — Mason Mcduffie Mortgage Corporation,
San Ramon, 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:
Jobs Retained:
208Loan Approved:
2020-05-01Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONMason 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.
Business Information - Mason Mcduffie Mortgage Corporation in San Ramon, CA
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-15Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Golden Pacific Home Loans Inc
San Ramon, CA
REMax Accord
San Ramon, CA
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.
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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