PPP Loan Data — Mike Mccreery DBA B-Mac Company, Odessa, TX
Mike Mccreery DBA B-Mac Company is a sole proprietorship located at 6955 E Commerce St in Odessa, Texas that received a Coronavirus-related PPP loan from the SBA of $2,083,332.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Mike Mccreery DBA B-Mac Company in Odessa, TX received a Paycheck Protection Loan of $2.08M through Bank of America, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mike Mccreery DBA B-Mac Company's 2019 payroll expenses are estimated to be at least $10M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $67,568 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mike Mccreery DBA B-Mac Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,083,332
Business Information - Mike Mccreery DBA B-Mac Company in Odessa, TX
6955 E Commerce St
Odessa, TX 79762
Other Building Finishing Contractors
NAICS code 238390
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Odessa
In the Odessa area, 3 businesses in the "Other Building Finishing Contractors" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 148) and received an average PPP loan of $719,396 (compared to this company's $2.08M).
Similar Nearby Businesses Who Received PPP Funding:
Jose M Yero
Colley Waterproofing Inc
Industry PPP Comparison Statistics
Nationwide, 15,379 businesses in the "Other Building Finishing Contractors" industry received a total of $1.27B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 95% lower than Mike Mccreery DBA B-Mac Company's reported 148 employees, and received an average PPP loan of $82,449, 96% lower than this company's loan of $2.08M.
FederalPay's PPP Information Policy
Footnotes & Information
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