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PPP Loan Data — Fred Martin Motor Company, Norton, OH

SBA PPP loan data, payroll data, and salaries for Fred Martin Motor Company

Fred Martin Motor Company

Entity: Subchapter S Corporation

Industry: New Car Dealers

Location: Norton, OH

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Fred Martin Motor Company is a subchapter s corporation located at 3195 Barber Rd. in Norton, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,167,045.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 276 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Fred Martin Motor Company in Norton, OH received a Paycheck Protection Loan of $4.17M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Fred Martin Motor Company's total 2019 payroll expenses were approximately $20M in order to qualify for the PPP loan amount received.

Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $72,470 per employee1.

Because the loan received by Fred Martin Motor Company 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 - Fred Martin Motor Company in Norton, OH

Fred Martin Motor Company
3195 Barber Rd.
Norton, OH 44203

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: NON-VETERAN

Congressional District: OH-16

Similar Companies near Norton

In the Norton area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 276) and received an average PPP loan of $1,412,968 (compared to this company's $4.17M).

Industry PPP Comparison Statistics

Nationwide, 16,570 businesses in the "New Car Dealers" industry received a total of $10,869,996,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 47 employees, 83% lower than Fred Martin Motor Company's reported 276 employees, and received an average PPP loan of $656,005, 84% lower than this company's loan of $4.17M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **