PPP Loan Data — MGM Drywall Inc, San Jose, CA
MGM Drywall Inc is a corporation located at 1050 Commercial St. Ste. #102 in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $3,793,919.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
MGM Drywall Inc in San Jose, CA received a Paycheck Protection Loan of $3.79M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, MGM Drywall Inc's total 2019 payroll expenses were approximately $18.21M in order to qualify for the PPP loan amount received.
Unlike most businesses, MGM Drywall Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - MGM Drywall Inc in San Jose, CA
1050 Commercial St. Ste. #102
San Jose, CA 95112
Drywall and Insulation Contractors (NAICS code 238310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-19
Similar Companies near San Jose
In the San Jose area, 2 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 0) and received an average PPP loan of $1,913,395 (compared to this company's $3.79M).
Similar Nearby Businesses Who Received PPP Funding:
San Jose, CA
Industry PPP Comparison Statistics
Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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 14 employees, and received an average PPP loan of $192,711, 95% lower than this company's loan of $3.79M.
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Footnotes & Information
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