PPP Loan Data — Mcbh LLC, Eufaula, AL
Entity: Limited Liability Company (LLC)
Location: Eufaula, ALTweet This • Search All PPP Data
Mcbh LLC is a limited liability company (LLC) located at 830 W Washington St in Eufaula, Alabama that received a Coronavirus-related PPP loan from the SBA of $1,606,815.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Trustmark National Bank
Mcbh LLC in Eufaula, AL received a Paycheck Protection Loan of $1.61M through Trustmark National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Mcbh LLC's 2019 payroll expenses are estimated to be at least $7.71M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $38,564 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mcbh LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,606,815
Business Information - Mcbh LLC in Eufaula, AL
830 W Washington St
Eufaula, AL 36027
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 Mcbh LLC's reported 200 employees, and received an average PPP loan of $88,620, 94% lower than this company's loan of $1.61M.
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Footnotes & Information
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