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PPP Loan Data — Mechanical Construction Services Inc,
Newark, 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:
Jobs Retained:
175Loan Approved:
2020-04-06Lender:
MERCHANTS & PLANTERS BANKMechanical 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
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-01Industry 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.
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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