PPP Loan Data — Mclaren Group LLC, Corona, CA
Mclaren Group LLC is a corporation located in Corona, California that received a Coronavirus-related PPP loan from the SBA of $11,375.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Mclaren Group LLC in Corona, CA received a Paycheck Protection Loan of $11,375 through Wells Fargo Bank, National Association, which was approved in May, 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 October, 2021.
Reported PPP Proceed Usage:
On the PPP application, Mclaren Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $11,375
Business Information - Mclaren Group LLC in Corona, CA
* Full address is redacted to protect the privacy of individuals.
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Corona
In the Corona area, 55 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 1) and received an average PPP loan of $27,761 (compared to this company's $11,375).
Similar Nearby Businesses Who Received PPP Funding:
BDG International LLC
California Invested, Inc
Michael Christensen, DO., Inc
Fresh Eateries Inc
DIE Sieben Steine, Inc
Rite Staff Inc
Industry PPP Comparison Statistics
Nationwide, 85,578 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 900% higher than Mclaren Group LLC's reported 1 employees, and received an average PPP loan of $42,861, 277% higher than this company's loan of $11,375.
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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