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PPP Loan Data — Mechanical Construction Services Inc, Newark, AR

SBA PPP loan data, payroll data, and salaries for Mechanical Construction Services Inc
AR

Mechanical Construction Services Inc

Entity: Corporation

Industry: Other Heavy and Civil Engineering Construction

Location: Newark, AR

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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

Loan Size:

$2.9M

Jobs Retained:

175

Loan Approved:

2020-04-06

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.

Because the loan received by Mechanical Construction Services 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 - Mechanical Construction Services Inc in Newark, AR

Mechanical Construction Services Inc
595 Locust St
Newark, AR 72562

Business Industry

Other Heavy and Civil Engineering Construction (NAICS code 237990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional 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.

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.

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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/mechanical-construction-services-inc-newark-ar