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

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

ALERT: There are 2 PPP loans for a total of $4.5M in our database for businesses with the name "Sierra Mountain Construction Inc" in Sonora, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

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

Search All PPP Data

Sierra Mountain Construction Inc is a corporation located at 13919 Mono Way in Sonora, California that received a Coronavirus-related PPP loan from the SBA of $1,708,472.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least 244 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6682508601

Loan Size:

$1.71M

Jobs Retained:

244

Loan Approved:

2021-03-23

Loan Status:

Ongoing Loan

Lender:

Farmers & Merchants Bank of Central California

Sierra Mountain Construction Inc in Sonora, CA received a Paycheck Protection Loan of $1.71M through Farmers & Merchants Bank of Central California, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Sierra Mountain Construction Inc's 2019 payroll expenses are estimated to be at least $8.2M.

Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $33,609 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sierra Mountain Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,708,470
  • Utilities: $1

Business Information - Sierra Mountain Construction Inc in Sonora, CA

Sierra Mountain Construction Inc
13919 Mono Way
Sonora, CA 95370

Business Industry:
Other Heavy and Civil Engineering Construction
NAICS code 237990

Business Owner Demographics

Race: Unreported

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Tuolumne County, CA — SBA Office 0942 — Congressional District: CA-04

Industry PPP Comparison Statistics

Nationwide, 11,089 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 93% lower than Sierra Mountain Construction Inc's reported 244 employees, and received an average PPP loan of $236,934, 86% lower than this company's loan of $1.71M.

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

Search All PPP Data

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, and employed at least 187 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2091237106

Loan Size:

$2.79M

Jobs Retained:

187

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Farmers & Merchants Bank of Central California

Sierra Mountain Construction, Inc in Sonora, CA received a Paycheck Protection Loan of $2.79M through Farmers & Merchants Bank of Central California, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Sierra Mountain Construction, Inc's 2019 payroll expenses are estimated to be at least $13.4M.

Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $71,652 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sierra Mountain Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,791,436
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: Unreported

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Tuolumne County, CA — SBA Office 0942 — Congressional District: CA-04

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Sierra Mountain Construction, Inc.

Benton Machinery, Inc
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing

$443,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 11,089 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 91% lower than Sierra Mountain Construction, Inc's reported 187 employees, and received an average PPP loan of $236,934, 92% 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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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