PPP Loan Data — Mako Services, LLC, Daphne, AL
Mako Services, LLC is a limited liability company (LLC) located at 11141 Us Highway 31 Ste D in Daphne, Alabama that received a Coronavirus-related PPP loan from the SBA of $46,444.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First, A National Banking Association
Mako Services, LLC in Daphne, AL received a Paycheck Protection Loan of $46,444 through The First, A National Banking Association, 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 February, 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, Mako Services, LLC's 2019 payroll expenses are estimated to be at least $222,931.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,770 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mako Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $42,144
- Utilities: $800
- Rent: $3,000
- Debt Interest: $500
Business Information - Mako Services, LLC in Daphne, AL
11141 Us Highway 31 Ste D
Daphne, AL 36527
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Daphne
In the Daphne area, 20 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 9) and received an average PPP loan of $142,501 (compared to this company's $46,444).
Similar Nearby Businesses Who Received PPP Funding:
Platinum Contracting Group LLC
Spanish Fort, AL
Donald E Bedsole, LLC
No Limit Solutions LLC
Platinum Contracting Group LLC
Guardian Integrators, LLC
Garage Door Rescue Inc
Fortified Installations, LLC
Core Industrial Maintenance LLC
Eagle Marine Contracting
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 11% lower than Mako Services, LLC's reported 9 employees, and received an average PPP loan of $86,076, 85% higher than this company's loan of $46,444.
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Footnotes & Information
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