PPP Loan Data — MCM Capital Construction, Inc, Hampshire, IL
MCM Capital Construction, Inc is a corporation located at 15n409 Settlers Grove in Hampshire, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,045.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BMO Harris Bank National Association
MCM Capital Construction, Inc in Hampshire, IL received a Paycheck Protection Loan of $25,045 through BMO Harris Bank National Association, which was approved in June, 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, MCM Capital Construction, Inc's 2019 payroll expenses are estimated to be at least $120,216.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,072 per employee1
Reported PPP Proceed Usage:
On the PPP application, MCM Capital Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,045
Business Information - MCM Capital Construction, Inc in Hampshire, IL
15n409 Settlers Grove
Hampshire, IL 60140
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hampshire
In the Hampshire area, 8 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $27,974 (compared to this company's $25,045).
Similar Nearby Businesses Who Received PPP Funding:
CSI Construction Inc
Capital Installations & Services LLC
Pingree Grove, IL
Vin-Teri Electric, Inc
J&L Remodeling Service Inc
Eickhorst Construction, Inc
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, the same amount reported by MCM Capital Construction, Inc and received an average PPP loan of $30,405, 21% higher than this company's loan of $25,045.
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Footnotes & Information
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