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PPP Loan Data — Melissa Data Corporation, Rancho Santa Margarita, CA

SBA PPP loan data, payroll data, and salaries for Melissa Data Corporation
CA

Melissa Data Corporation

Entity: Subchapter S Corporation

Industry: Data Processing, Hosting, and Related Services

Location: Rancho Santa Margarita, CA

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Melissa Data Corporation is a subchapter s corporation located at 22382 Avenida Empresa in Rancho Santa Margarita, California that received a Coronavirus-related PPP loan from the SBA of $2,548,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 189 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.55M

Jobs Retained:

189

Loan Approved:

2020-04-28

Lender:

FIRST-CITIZENS BANK & TRUST COMPANY

Melissa Data Corporation in Rancho Santa Margarita, CA received a Paycheck Protection Loan of $2.55M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Melissa Data Corporation's total 2019 payroll expenses were approximately $12.23M in order to qualify for the PPP loan amount received.

Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $64,726 per employee1.

Because the loan received by Melissa Data Corporation 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 - Melissa Data Corporation in Rancho Santa Margarita, CA

Melissa Data Corporation
22382 Avenida Empresa
Rancho Santa Margarita, CA 92688

Business Industry

Data Processing, Hosting, and Related Services (NAICS code 518210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-45

Similar Companies near Rancho Santa Margarita

In the Rancho Santa Margarita area, 4 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 189) and received an average PPP loan of $661,307 (compared to this company's $2.55M).

Industry PPP Comparison Statistics

Nationwide, 5,879 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1,161,307,675.00 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 12 employees, 94% lower than Melissa Data Corporation's reported 189 employees, and received an average PPP loan of $197,535, 92% lower than this company's loan of $2.55M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/melissa-data-corporation-rancho-santa-margarita-ca