PPP Loan Data — Marable-Pirkle Services, LLC, Cleveland, TN
Marable-Pirkle Services, LLC
Entity: Limited Liability Company (LLC)
Location: Cleveland, TNTweet This • Search All PPP Data
Marable-Pirkle Services, LLC is a limited liability company (LLC) located at Po Box 3178 in Cleveland, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,748,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Andrew Johnson Bank
Marable-Pirkle Services, LLC in Cleveland, TN received a Paycheck Protection Loan of $1.75M through Andrew Johnson Bank, which was approved in April, 2020.
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, Marable-Pirkle Services, LLC's 2019 payroll expenses are estimated to be at least $8.39M.
Based on their reported 86 jobs retained, this equals an estimated average yearly compensation of $97,591 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marable-Pirkle Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,748,500
Business Information - Marable-Pirkle Services, LLC in Cleveland, TN
Po Box 3178
Cleveland, TN 37320
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Cleveland
In the Cleveland area, 4 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 86) and received an average PPP loan of $443,107 (compared to this company's $1.75M).
Similar Nearby Businesses Who Received PPP Funding:
Peco Electric Co LLC
Edgar Lewis White
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B 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 11 employees, 87% lower than Marable-Pirkle Services, LLC's reported 86 employees, and received an average PPP loan of $142,494, 92% lower than this company's loan of $1.75M.
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Footnotes & Information
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