Paycheck Protection Program

Paycheck Protection Program (PPP) is a loan designed by the US Govt, and implemented by the SBA, to provide a direct and immediate incentive for small businesses to keep their workers on the payroll, and thus avoid large scale job losses, because the SMBs create over 50% of the total jobs across America.

SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) lender, or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.

Lenders may begin processing loan applications as soon as April 3, 2020.
The Paycheck Protection Program will be available through June 30, 2020.
Please check with your local lender whether it’s participating in the program.

Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
  • Any business, 501(c)(3) Non-profit organization, 501(c)(19) Veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500.
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) with more than one physical location, and employs less than 500 per location
  • Sole proprietors, Independent Contractors, and Self-employed persons.

Please see this page to learn more details. Thanks.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

McNely Construction Company, Contractors in San Leandro, CA

In 1958, Lloyd Lindquist and Warren McNely formed a small general contracting business in Oakland, CA. The two embarked on a successful venture concentrating mostly in structural concrete projects. The business expanded to other types of new construction through the 1960’s and 70’s, but concrete construction was still mostly the focus. Although most work was in the Bay Area, their concrete expertise took them to other western states including Hawaii and as far as American Samoa. In the 1970’s, the business added focus on major remodels and rehabilitations. From old canneries and factories to abandoned downtown department stores, major structural upgrades and conversions to light industrial, office space and retail became a larger part of the company’s portfolio. Warren McNely became sole owner in the mid 1980’s when his partner retired. The company continued to complete conversions and remodels, structural upgrades and new buildings. In 1994, Claire McNely Koenig and Dan McNely took the reins and the second generation of family ownership began. Claire and Dan continued with that same portfolio, but also began to work into the church and private school markets. After 18 successful years partnering with Claire McNely Koenig, Dan McNely took sole ownership in 2012.

McNely Construction is still that same company that Dan McNely grew up in. Our portfolio remains mostly the same: new construction with wood, steel, concrete or block elements, seismic and structural upgrades, churches and private schools, freezer buildings, light industrial facilities, office space and interior tenant improvements. We are not just brokers, we are builders! We do self-perform concrete and carpentry, not only on our projects, but at times acting as a sub to other GC’s that act mostly as brokers.

The construction industry has seen significant change in application, new methods and materials, as well as technological advances, but our core values remain unchanged. We value relationships and the “do what you say you’re going to do” attitude. Whether awarded a project through competitive bid or negotiation, we want to team with the owner and design group to create projects on time, on budget and with excellent quality.

Contact:
1040 Davis Street, Suite 203,
San Leandro, CA 94577
Telephone: 510.562.6300
Fax: 510.569.9333
Website: http://mcnely.com/

Mangano Homes, Contractors in San Luis Obispo, CA

Mangano Homes, now an affiliate of Wathen Castanos, has its roots in a family-owned business begun in 1963. Mangano Homes became an award-winning builder of semi-custom homes and landmark commercial projects in several Central Coast and Central Valley communities.

Both homebuilders embrace the need to rethink processes and products of the past in order to minimize impact and maximize sustainability. Each home is built with a focus on reducing energy, saving water and sustainable practices.

Wathen Castanos is pleased to continue the emphasis on integrity, quality and customer service that Mangano Homes established many years ago.

Contact:
735 Tank Farm Rd.,
#240,
San Luis Obispo, CA 93401
Phone: (559) 740-9858
Email: info@manganoltd.com
Website: www.manganohomesinc.com