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PPP Loan Data — Sierra Mountain Construction, Inc, Sonora, CA

SBA PPP loan data, payroll data, and salaries for Sierra Mountain Construction, Inc
CA

Sierra Mountain Construction, Inc

Entity: Corporation

Industry: Other Heavy and Civil Engineering Construction

Location: Sonora, CA

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Sierra Mountain Construction, Inc is a corporation located at 13909 Mono Way in Sonora, California that received a Coronavirus-related PPP loan from the SBA of $2,791,436.00 in April, 2020.

The company has reported itself as a male owned business.

$ PPP Loan Information

Loan Size:

$2.79M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-10

Lender:

FARMERS & MERCHANTS BANK OF CENTRAL CALIFORNIA

Sierra Mountain Construction, Inc received a Paycheck Protection Loan of $2.79M through FARMERS & MERCHANTS BANK OF CENTRAL CALIFORNIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sierra Mountain Construction, Inc's total 2019 payroll expenses were approximately $13.4M in order to qualify for the PPP loan amount received.

Unlike most businesses, Sierra Mountain Construction, 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.

Because the loan received by Sierra Mountain Construction, 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 - Sierra Mountain Construction, Inc in Sonora, CA

Sierra Mountain Construction, Inc
13909 Mono Way
Sonora, CA 95370

Business Industry

Other Heavy and Civil Engineering Construction (NAICS code 237990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CA-04

Industry PPP Comparison Statistics

Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, and received an average PPP loan of $308,548, 89% lower than this company's loan of $2.79M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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/sierra-mountain-construction-inc-sonora-ca