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PPP Loan Data — Abstrakt Marketing Group, LLC,
Saint Louis, MO
Abstrakt Marketing Group, LLC
Entity: Limited Liability Company (LLC)
Industry: Marketing Consulting Services
Location: Saint Louis, MO
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Abstrakt Marketing Group, LLC is a limited liability company (LLC) located at 704 North 1st St., Ste 101 in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,874,761.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
320Loan Approved:
2020-04-07Lender:
TRIAD BANKAbstrakt Marketing Group, LLC in Saint Louis, MO received a Paycheck Protection Loan of $3.87M through TRIAD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Abstrakt Marketing Group, LLC's total 2019 payroll expenses were approximately $18.6M in order to qualify for the PPP loan amount received.
Based on their reported 320 jobs retained, this equals an estimated average yearly compensation of $58,121 per employee1.
Business Information - Abstrakt Marketing Group, LLC in Saint Louis, MO
704 North 1st St., Ste 101
Saint Louis, MO 63102
Business Industry
Marketing Consulting Services (NAICS code 541613)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MO-01Similar Companies near Saint Louis
In the Saint Louis area, 17 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 320) and received an average PPP loan of $401,427 (compared to this company's $3.87M).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 30,514 businesses in the "Marketing Consulting Services" industry received a total of $1,952,010,997.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Abstrakt Marketing Group, LLC's reported 320 employees, and received an average PPP loan of $63,971, 98% lower than this company's loan of $3.87M.
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.
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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