PPP Loan Data — Matt Construction Corporation, Santa Fe Springs, CA
Matt Construction Corporation is an employee stock ownership plan (esop) located at 9814 Norwalk Blvd in Santa Fe Springs, California that received a Coronavirus-related PPP loan from the SBA of $3,698,000.00 in April, 2020.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
Matt Construction Corporation received a Paycheck Protection Loan of $3.7M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Matt Construction Corporation's total 2019 payroll expenses were approximately $17.75M in order to qualify for the PPP loan amount received.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $96,470 per employee1.
Business Information - Matt Construction Corporation in Santa Fe Springs, CA
9814 Norwalk Blvd
Santa Fe Springs, CA 90670
New Housing For-Sale Builders (NAICS code 236117)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-38
Similar Companies near Santa Fe Springs
In the Santa Fe Springs area, 2 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 184) and received an average PPP loan of $2,990,850 (compared to this company's $3.7M).
Similar Nearby Businesses Who Received PPP Funding:
C Matt Corporation
Santa Fe Springs, CA
Industry PPP Comparison Statistics
Nationwide, 7,736 businesses in the "New Housing For-Sale Builders" industry received a total of $770,266,772.00 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 7 employees, 96% lower than Matt Construction Corporation's reported 184 employees, and received an average PPP loan of $99,569, 97% lower than this company's loan of $3.7M.
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Footnotes & Information
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