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PPP Loan Data — Mccormack Baron Salazar, Inc., Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for Mccormack Baron Salazar, Inc.
MO

Mccormack Baron Salazar, Inc.

Entity: Corporation

Industry: Other Activities Related to Real Estate

Location: Saint Louis, MO

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Mccormack Baron Salazar, Inc. is a corporation located at 720 Olive St Ste 2500 in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,708,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.71M

Jobs Retained:

172

Loan Approved:

2020-04-15

Lender:

ENTERPRISE BANK & TRUST

Mccormack Baron Salazar, Inc. in Saint Louis, MO received a Paycheck Protection Loan of $2.71M through ENTERPRISE BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mccormack Baron Salazar, Inc.'s total 2019 payroll expenses were approximately $13M in order to qualify for the PPP loan amount received.

Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $75,578 per employee1.

Because the loan received by Mccormack Baron Salazar, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Mccormack Baron Salazar, Inc. in Saint Louis, MO

Mccormack Baron Salazar, Inc.
720 Olive St Ste 2500
Saint Louis, MO 63101

Business Industry

Other Activities Related to Real Estate (NAICS code 531390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MO-01

Similar Companies near Saint Louis

In the Saint Louis area, 2 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 172) and received an average PPP loan of $1,366,689 (compared to this company's $2.71M).

Similar Nearby Businesses Who Received PPP Funding:

AJP Realty, LLC
Saint Louis, MO

$25,177 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 97% lower than Mccormack Baron Salazar, Inc.'s reported 172 employees, and received an average PPP loan of $62,929, 98% lower than this company's loan of $2.71M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mccormack-baron-salazar-inc-saint-louis-mo