PPP Loan Data — Goldmark Sales LLC, Fayetteville, AR
Goldmark Sales LLC is a limited liability company (LLC) located at 3810 N Front St Ste 1b in Fayetteville, Arkansas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male veteran owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Goldmark Sales LLC in Fayetteville, AR received a Paycheck Protection Loan of $25,000 through Arvest 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 June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Goldmark Sales LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Goldmark Sales LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Goldmark Sales LLC in Fayetteville, AR
3810 N Front St Ste 1b
Fayetteville, AR 72703
Commodity Contracts Brokerage
NAICS code 523140
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fayetteville
In the Fayetteville area, 2 businesses in the "Commodity Contracts Brokerage" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 2) and received an average PPP loan of $364,458 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Visionary Foods, LLC
Industry PPP Comparison Statistics
Nationwide, 1,018 businesses in the "Commodity Contracts Brokerage" industry received a total of $75.2M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 150% higher than Goldmark Sales LLC's reported 2 employees, and received an average PPP loan of $73,869, 195% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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