PPP Loan Data — Marathon Consulting, LLC, Virginia Beach, VA
Marathon Consulting, LLC
Entity: Limited Liability Company (LLC)
Location: Virginia Beach, VATweet This • Search All PPP Data
Marathon Consulting, LLC is a limited liability company (LLC) located at 4525 Columbus Street Suite 200 in Virginia Beach, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,899,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Marathon Consulting, LLC in Virginia Beach, VA received a Paycheck Protection Loan of $1.9M through Towne Bank, 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, Marathon Consulting, LLC's 2019 payroll expenses are estimated to be at least $9.12M.
Based on their reported 93 jobs retained, this equals an estimated average yearly compensation of $98,013 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marathon Consulting, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,899,000
Business Information - Marathon Consulting, LLC in Virginia Beach, VA
4525 Columbus Street Suite 200
Virginia Beach, VA 23462
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Virginia Beach
In the Virginia Beach area, 3 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 93) and received an average PPP loan of $642,999 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
Virginia Beach, VA
Virginia Beach, VA
Industry PPP Comparison Statistics
Nationwide, 10,517 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $920.57M 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, 91% lower than Marathon Consulting, LLC's reported 93 employees, and received an average PPP loan of $87,532, 95% lower than this company's loan of $1.9M.
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Footnotes & Information
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