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PPP Loan Data — Mobile Lumber & Building Materials, Inc., Mobile, AL

SBA PPP loan data, payroll data, and salaries for Mobile Lumber & Building Materials, Inc.
AL

Mobile Lumber & Building Materials, Inc.

Entity: Corporation

Industry: Other Building Material Dealers

Location: Mobile, AL

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Mobile Lumber & Building Materials, Inc. is a corporation located at 5229 Us Hwy 90 W in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,573,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.57M

Jobs Retained:

270

Loan Approved:

2020-04-05

Lender:

SERVISFIRST BANK

Mobile Lumber & Building Materials, Inc. in Mobile, AL received a Paycheck Protection Loan of $2.57M through SERVISFIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mobile Lumber & Building Materials, Inc.'s total 2019 payroll expenses were approximately $12.35M in order to qualify for the PPP loan amount received.

Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $45,751 per employee1.

Because the loan received by Mobile Lumber & Building Materials, Inc. 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 - Mobile Lumber & Building Materials, Inc. in Mobile, AL

Mobile Lumber & Building Materials, Inc.
5229 Us Hwy 90 W
Mobile, AL 36619

Business Industry

Other Building Material Dealers (NAICS code 444190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-01

Similar Companies near Mobile

In the Mobile area, 2 businesses in the "Other Building Material Dealers" industry received a PPP loan. These local businesses reported an average of 190 employees (compared to this company's 270) and received an average PPP loan of $1,839,606 (compared to this company's $2.57M).

Similar Nearby Businesses Who Received PPP Funding:

Ford Lumber & Millwork Company Inc
Mobile, AL

$1.11M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,624 businesses in the "Other Building Material Dealers" industry received a total of $1,126,038,672.00 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, 96% lower than Mobile Lumber & Building Materials, Inc.'s reported 270 employees, and received an average PPP loan of $147,697, 94% lower than this company's loan of $2.57M.

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/mobile-lumber-and-building-materials-inc-mobile-al