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PPP Loan Data — Jake Marshall, LLC,
Chattanooga, TN
Jake Marshall, LLC
Entity: Limited Liability Company (LLC)
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Chattanooga, TN
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Jake Marshall, LLC is a limited liability company (LLC) located at 2912 S. Hickory Street in Chattanooga, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
159Loan Approved:
2020-04-13Lender:
FIRST HORIZON BANKJake Marshall, LLC in Chattanooga, TN received a Paycheck Protection Loan of $3M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jake Marshall, LLC's total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.
Based on their reported 159 jobs retained, this equals an estimated average yearly compensation of $90,566 per employee1.
Business Information - Jake Marshall, LLC in Chattanooga, TN
2912 S. Hickory Street
Chattanooga, TN 37407
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TN-03Similar Companies near Chattanooga
In the Chattanooga area, 13 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 159) and received an average PPP loan of $367,811 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Associated Mechanical Service, LLC
Chattanooga, TN
Callahan Mechanical Contractors Inc
Chattanooga, TN
Associated Mechanical Systems, Inc.
Chattanooga, TN
Eldridge Service Company, LLC
Chattanooga, TN
Stan's Air Systems, LLC
Chattanooga, TN
One Hour Heating & Air Southeast LLC
Chattanooga, TN
Calvin Hayes Jr DBA None
Chattanooga, TN
Chattanooga Heating & Air Conditioning, Inc.
Chattanooga, TN
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 93% lower than Jake Marshall, LLC's reported 159 employees, and received an average PPP loan of $154,981, 95% lower than this company's loan of $3M.
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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