PPP Loan Data — Marchie's Nursery, LLC, Missoula, MT
Marchie's Nursery, LLC is a limited liability company (LLC) located at 1820 S. 3rd Street West in Missoula, Montana that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Marchie's Nursery, LLC in Missoula, MT received a Paycheck Protection Loan of $25,100 through Glacier 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 May, 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, Marchie's Nursery, LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marchie's Nursery, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Marchie's Nursery, LLC in Missoula, MT
1820 S. 3rd Street West
Missoula, MT 59801
Nursery, Garden Center, and Farm Supply Stores
NAICS code 444220
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Missoula
In the Missoula area, 4 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $26,722 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Missoula Hydroponics And Brew Supplies, LLC
Industry PPP Comparison Statistics
Nationwide, 7,240 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $689.88M 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 14 employees, 600% higher than Marchie's Nursery, LLC's reported 2 employees, and received an average PPP loan of $95,287, 280% higher than this company's loan of $25,100.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!