PPP Loan Data — MAR Jac Poultry Inc, Gainesville, GA
MAR Jac Poultry Inc is a corporation located at 1020 Aviation Blvd in Gainesville, Georgia that received a Coronavirus-related PPP loan from the SBA of $7,500,000.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
MAR Jac Poultry Inc in Gainesville, GA received a Paycheck Protection Loan of $7.5M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, MAR Jac Poultry Inc's total 2019 payroll expenses were approximately $36M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $72,000 per employee1.
Business Information - MAR Jac Poultry Inc in Gainesville, GA
1020 Aviation Blvd
Gainesville, GA 30501
Poultry Hatcheries (NAICS code 112340)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-09
Similar Companies near Gainesville
In the Gainesville area, 2 businesses in the "Poultry Hatcheries" industry received a PPP loan. These local businesses reported an average of 250 employees (compared to this company's 500) and received an average PPP loan of $3,770,506 (compared to this company's $7.5M).
Similar Nearby Businesses Who Received PPP Funding:
Global Poultry Source, LLC
Industry PPP Comparison Statistics
Nationwide, 230 businesses in the "Poultry Hatcheries" industry received a total of $24,489,389.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 98% lower than MAR Jac Poultry Inc's reported 500 employees, and received an average PPP loan of $106,476, 99% lower than this company's loan of $7.5M.
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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