PPP Loan Data — Mcbride & Son Capital, Inc, Chesterfield, MO
Mcbride & Son Capital, Inc is a subchapter s corporation located at 16091 Swingley Ridge Rd in Chesterfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,397,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 288 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Central Bank of Warrensburg
Mcbride & Son Capital, Inc in Chesterfield, MO received a Paycheck Protection Loan of $2.4M through Central Bank of Warrensburg, which was approved in April, 2020.
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, Mcbride & Son Capital, Inc's 2019 payroll expenses are estimated to be at least $11.51M.
Based on their reported 288 jobs retained, this equals an estimated average yearly compensation of $39,955 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mcbride & Son Capital, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,800,000
- Mortgage Interest: $12,000
- Rent: $55,000
- Health Care: $120,000
- Debt Interest: $410,300
Business Information - Mcbride & Son Capital, Inc in Chesterfield, MO
16091 Swingley Ridge Rd
Chesterfield, MO 63017
NAICS code 237210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,596 businesses in the "Land Subdivision" industry received a total of $468.09M 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 10 employees, 97% lower than Mcbride & Son Capital, Inc's reported 288 employees, and received an average PPP loan of $101,846, 96% lower than this company's loan of $2.4M.
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Footnotes & Information
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