PPP Loan Data — Jim Marsh American Corporation, Las Vegas, NV
Jim Marsh American Corporation is a subchapter s corporation located at 8555 W. Centennial Prkw in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,056,292.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 133 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Nevada Bank and Trust Company
Jim Marsh American Corporation in Las Vegas, NV received a Paycheck Protection Loan of $2.06M through Nevada Bank and Trust Company, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Jim Marsh American Corporation's 2019 payroll expenses are estimated to be at least $9.87M.
Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $74,212 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jim Marsh American Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,056,292
Business Information - Jim Marsh American Corporation in Las Vegas, NV
8555 W. Centennial Prkw
Las Vegas, NV 89149
Used Car Dealers
NAICS code 441120
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Las Vegas
In the Las Vegas area, 4 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 133) and received an average PPP loan of $522,514 (compared to this company's $2.06M).
Similar Nearby Businesses Who Received PPP Funding:
Las Vegas, NV
Las Vegas, NV
Las Vegas, NV
Industry PPP Comparison Statistics
Nationwide, 40,336 businesses in the "Used Car Dealers" industry received a total of $2.19B 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 6 employees, 95% lower than Jim Marsh American Corporation's reported 133 employees, and received an average PPP loan of $54,194, 97% lower than this company's loan of $2.06M.
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Footnotes & Information
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