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PPP Loan Data — Marathon Coach Inc, Coburg, OR

SBA PPP loan data, payroll data, and salaries for Marathon Coach Inc
OR

Marathon Coach Inc

Entity: Subchapter S Corporation

Industry: Motor Home Manufacturing

Location: Coburg, OR

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Marathon Coach Inc is a subchapter s corporation located at 91333 N Coburg Industrial Way in Coburg, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,574,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.57M

Jobs Retained:

259

Loan Approved:

2020-04-07

Lender:

INCREDIBLEBANK

Marathon Coach Inc received a Paycheck Protection Loan of $2.57M through INCREDIBLEBANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Marathon Coach Inc's total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.

Based on their reported 259 jobs retained, this equals an estimated average yearly compensation of $47,718 per employee1.

Because the loan received by Marathon Coach Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Marathon Coach Inc in Coburg, OR

Marathon Coach Inc
91333 N Coburg Industrial Way
Coburg, OR 97408

Business Industry

Motor Home Manufacturing (NAICS code 336213)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OR-04

Similar Companies near Coburg

In the Coburg area, 2 businesses in the "Motor Home Manufacturing" industry received a PPP loan. These local businesses reported an average of 133 employees (compared to this company's 259) and received an average PPP loan of $1,332,943 (compared to this company's $2.57M).

Similar Nearby Businesses Who Received PPP Funding:

Composite Solutions, Inc.
Eugene, OR

$91,085 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 52 businesses in the "Motor Home Manufacturing" industry received a total of $23,789,600.00 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 44 employees, 83% lower than Marathon Coach Inc's reported 259 employees, and received an average PPP loan of $457,492, 82% lower than this company's loan of $2.57M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/marathon-coach-inc-coburg-or