PPP Loan Data — Mechanical Construction Services Inc, Newark, AR
Mechanical Construction Services Inc is a corporation located at 595 Locust St in Newark, Arkansas that received a Coronavirus-related PPP loan from the SBA of $2,895,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 175 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MERCHANTS & PLANTERS BANK
Mechanical Construction Services Inc received a Paycheck Protection Loan of $2.9M through MERCHANTS & PLANTERS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mechanical Construction Services Inc's total 2019 payroll expenses were approximately $13.9M in order to qualify for the PPP loan amount received.
Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $79,430 per employee1.
Business Information - Mechanical Construction Services Inc in Newark, AR
595 Locust St
Newark, AR 72562
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: AR-01
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, 89% lower than Mechanical Construction Services Inc's reported 175 employees, and received an average PPP loan of $308,548, 89% lower than this company's loan of $2.9M.
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Footnotes & Information
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