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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 #3036937705
Loan Size:
Jobs Retained:
208Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationMason Mcduffie Mortgage Corporation in San Ramon, CA received a Paycheck Protection Loan of $3.13M through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mason Mcduffie Mortgage Corporation's 2019 payroll expenses are estimated to be at least $15M.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $72,132 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mason Mcduffie Mortgage Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,567,715
- Utilities: $50,000
- Rent: $310,000
- Health Care: $198,000
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: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Mason Mcduffie Mortgage Corporation.
Marilyn Suey
Investment Advice
Innovative Claim Solutions Inc
Other Insurance Funds
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 70 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, 3,641 businesses in the "Real Estate Credit" industry received a total of $620.9M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 94% lower than Mason Mcduffie Mortgage Corporation's reported 208 employees, and received an average PPP loan of $170,530, 95% 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. 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.
Footnotes & Information
1. Estimations for informational purposes only. 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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