PPP Loan Data — Foxmar, Inc., Bowling Green, KY
Foxmar, Inc. is a subchapter s corporation located at 2422 Airway Dr in Bowling Green, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,017,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 308 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FRANKLIN BANK & TRUST COMPANY
Foxmar, Inc. received a Paycheck Protection Loan of $3.02M through FRANKLIN BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Foxmar, Inc.'s total 2019 payroll expenses were approximately $14.48M in order to qualify for the PPP loan amount received.
Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $47,028 per employee1.
Business Information - Foxmar, Inc. in Bowling Green, KY
2422 Airway Dr
Bowling Green, KY 42103
Professional and Management Development Training (NAICS code 611430)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: KY-02
Similar Companies near Bowling Green
In the Bowling Green area, 2 businesses in the "Professional and Management Development Training" industry received a PPP loan. These local businesses reported an average of 154 employees (compared to this company's 308) and received an average PPP loan of $1,512,953 (compared to this company's $3.02M).
Similar Nearby Businesses Who Received PPP Funding:
Amy T Sadler
Bowling Green, KY
Industry PPP Comparison Statistics
Nationwide, 5,287 businesses in the "Professional and Management Development Training" industry received a total of $321,111,970.00 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 4 employees, 99% lower than Foxmar, Inc.'s reported 308 employees, and received an average PPP loan of $60,736, 98% lower than this company's loan of $3.02M.
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.
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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