PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Mountain States Constructors, Inc., Albuquerque, NM

SBA PPP loan data, payroll data, and salaries for Mountain States Constructors, Inc.
NM

Mountain States Constructors, Inc.

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Albuquerque, NM

Search All PPP Data

Mountain States Constructors, Inc. is a corporation located at 3601 Pan American Fwy #111 in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $2,809,497.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.81M

Jobs Retained:

211

Loan Approved:

2020-04-10

Lender:

BANK OF THE WEST

Mountain States Constructors, Inc. in Albuquerque, NM received a Paycheck Protection Loan of $2.81M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mountain States Constructors, Inc.'s total 2019 payroll expenses were approximately $13.49M in order to qualify for the PPP loan amount received.

Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $63,913 per employee1.

Because the loan received by Mountain States Constructors, 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 - Mountain States Constructors, Inc. in Albuquerque, NM

Mountain States Constructors, Inc.
3601 Pan American Fwy #111
Albuquerque, NM 87107

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NM-01

Similar Companies near Albuquerque

In the Albuquerque area, 4 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 211) and received an average PPP loan of $850,170 (compared to this company's $2.81M).

Industry PPP Comparison Statistics

Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 88% lower than Mountain States Constructors, Inc.'s reported 211 employees, and received an average PPP loan of $405,656, 86% lower than this company's loan of $2.81M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mountain-states-constructors-inc-albuquerque-nm