PPP Loan Data — Jake Marshall, LLC, Chattanooga, TN
Jake Marshall, LLC
Entity: Limited Liability Company (LLC)
Location: Chattanooga, TNTweet This • Search All PPP Data
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
Lender:FIRST HORIZON BANK
Jake 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
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-03
Similar 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
Callahan Mechanical Contractors Inc
Associated Mechanical Systems, Inc.
Eldridge Service Company, LLC
Stan's Air Systems, LLC
One Hour Heating & Air Southeast LLC
Calvin Hayes Jr DBA None
Chattanooga Heating & Air Conditioning, Inc.
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.
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