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PPP Loan Data — Merit Logistics, LLC, San Juan Capistrano, CA

SBA PPP loan data, payroll data, and salaries for Merit Logistics, LLC
CA

Merit Logistics, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Warehousing and Storage

Location: San Juan Capistrano, CA

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Merit Logistics, LLC is a limited liability company (LLC) located at 33332 Valle Rd, Suite 100 in San Juan Capistrano, California that received a Coronavirus-related PPP loan from the SBA of $9,603,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$9.6M

Jobs Retained:

500

Loan Approved:

2020-04-28

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Merit Logistics, LLC in San Juan Capistrano, CA received a Paycheck Protection Loan of $9.6M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Merit Logistics, LLC's total 2019 payroll expenses were approximately $46.1M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $92,191 per employee1.

Because the loan received by Merit Logistics, LLC 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 - Merit Logistics, LLC in San Juan Capistrano, CA

Merit Logistics, LLC
33332 Valle Rd, Suite 100
San Juan Capistrano, CA 92675

Business Industry

Other Warehousing and Storage (NAICS code 493190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-49

Industry PPP Comparison Statistics

Nationwide, 975 businesses in the "Other Warehousing and Storage" industry received a total of $113,388,423.00 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 11 employees, 98% lower than Merit Logistics, LLC's reported 500 employees, and received an average PPP loan of $116,296, 99% lower than this company's loan of $9.6M.

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.

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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/merit-logistics-llc-san-juan-capistrano-ca