PPP Loan Data — Merit Logistics, LLC, San Juan Capistrano, CA
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
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.
Business Information - Merit Logistics, LLC in San Juan Capistrano, CA
33332 Valle Rd, Suite 100
San Juan Capistrano, CA 92675
Other Warehousing and Storage (NAICS code 493190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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Footnotes & Information
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