PPP Loan Data — Mclean Behm Steel Erectors Inc, Suwanee, GA
Mclean Behm Steel Erectors Inc
Entity: Subchapter S Corporation
Location: Suwanee, GATweet This • Search All PPP Data
Mclean Behm Steel Erectors Inc is a subchapter s corporation located at 355 Brogdon Rd Ste 209 in Suwanee, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,561,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Mclean Behm Steel Erectors Inc in Suwanee, GA received a Paycheck Protection Loan of $1.56M through Truist Bank d/b/a Branch Banking & Trust Co, 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, Mclean Behm Steel Erectors Inc's 2019 payroll expenses are estimated to be at least $7.5M.
Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $70,718 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mclean Behm Steel Erectors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,561,700
Business Information - Mclean Behm Steel Erectors Inc in Suwanee, GA
355 Brogdon Rd Ste 209
Suwanee, GA 30024
New Multifamily Housing Construction (except For-Sale Builders)
NAICS code 236116
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Suwanee
In the Suwanee area, 2 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 106) and received an average PPP loan of $783,448 (compared to this company's $1.56M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 13,259 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a total of $1.11B 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 8 employees, 92% lower than Mclean Behm Steel Erectors Inc's reported 106 employees, and received an average PPP loan of $83,412, 95% lower than this company's loan of $1.56M.
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Footnotes & Information
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