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

PPP Loan Data — ARC Resin Corporation, Marietta, OH

ALERT: There are 2 PPP loans for a total of $450,275 in our database for businesses with the name "ARC Resin Corporation" in Marietta, OH. 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 ARC Resin Corporation
OH

ARC Resin Corporation

Entity: Subchapter S Corporation

Industry: All Other Plastics Product Manufacturing

Location: Marietta, OH

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ARC Resin Corporation is a subchapter s corporation located at 1690 Greene St in Marietta, Ohio that received a Coronavirus-related PPP loan from the SBA of $212,108.00 in February, 2021.

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

$ PPP Loan Information Loan #3365228505

Loan Size:

$212,108
PPP Funds Undisbursed

Jobs Retained:

18

Loan Approved:

2021-02-23

Loan Status:

Active Un-Disbursed

Lender:

Peoples Bank

ARC Resin Corporation in Marietta, OH received a Paycheck Protection Loan of $212,108 through Peoples Bank, which was approved in February, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $212,108 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 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, ARC Resin Corporation's 2019 payroll expenses are estimated to be at least $1.02M.

Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $56,562 per employee1

Reported PPP Proceed Usage:

On the PPP application, ARC Resin Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $212,106
  • Utilities: $1

Business Information - ARC Resin Corporation in Marietta, OH

ARC Resin Corporation
1690 Greene St
Marietta, OH 45750

Business Industry:
All Other Plastics Product Manufacturing
NAICS code 326199

Business Owner Demographics

Race: White

Ethnicity: Not 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: N

Rural / Urban: Rural

Washington County, OH — SBA Office 0593 — Congressional District: OH-06

Similar Companies near Marietta

In the Marietta area, 3 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 18) and received an average PPP loan of $1,086,067 (compared to this company's $212,108).

Industry PPP Comparison Statistics

Nationwide, 4,814 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,636,654,476.00 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 34 employees, 89% higher than ARC Resin Corporation's reported 18 employees, and received an average PPP loan of $339,978, 60% higher than this company's loan of $212,108.

SBA PPP loan data, payroll data, and salaries for ARC Resin Corporation
OH

ARC Resin Corporation

Entity: Subchapter S Corporation

Industry: All Other Plastics Product Manufacturing

Location: Marietta, OH

Search All PPP Data

ARC Resin Corporation is a subchapter s corporation located at 1690 Greene Street in Marietta, Ohio that received a Coronavirus-related PPP loan from the SBA of $238,167.00 in April, 2020.

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

$ PPP Loan Information Loan #6794517003

Loan Size:

$238,167

Jobs Retained:

19

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

Peoples Bank

ARC Resin Corporation in Marietta, OH received a Paycheck Protection Loan of $238,167 through Peoples Bank, 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 December, 2020.

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, ARC Resin Corporation's 2019 payroll expenses are estimated to be at least $1.14M.

Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $60,169 per employee1

Reported PPP Proceed Usage:

On the PPP application, ARC Resin Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $200,000
  • Rent: $38,167

Business Information - ARC Resin Corporation in Marietta, OH

ARC Resin Corporation
1690 Greene Street
Marietta, OH 45750

Business Industry:
All Other Plastics Product Manufacturing
NAICS code 326199

Business Owner Demographics

Race: White

Ethnicity: Not 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

Washington County, OH — SBA Office 0593 — Congressional District: OH-06

Similar Companies near Marietta

In the Marietta area, 3 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 19) and received an average PPP loan of $1,086,067 (compared to this company's $238,167).

Industry PPP Comparison Statistics

Nationwide, 4,814 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,636,654,476.00 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 34 employees, 79% higher than ARC Resin Corporation's reported 19 employees, and received an average PPP loan of $339,978, 43% higher than this company's loan of $238,167.

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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Source: www.federalpay.org/paycheck-protection-program/arc-resin-corporation-marietta-oh