PPP Loan Data — Marcom, LLC, Butte, MT
Entity: Limited Liability Company (LLC)
Location: Butte, MTTweet This • Search All PPP Data
Marcom, LLC is a limited liability company (LLC) located at Po Box 772 in Butte, Montana that received a Coronavirus-related PPP loan from the SBA of $1,526,750.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 110 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Granite Mountain Bank, Inc.
Marcom, LLC in Butte, MT received a Paycheck Protection Loan of $1.53M through Granite Mountain Bank, Inc., 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 January, 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, Marcom, LLC's 2019 payroll expenses are estimated to be at least $7.33M.
Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $66,622 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marcom, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,526,750
Business Information - Marcom, LLC in Butte, MT
Po Box 772
Butte, MT 59701
Other Scientific and Technical Consulting Services
NAICS code 541690
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Butte
In the Butte area, 6 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 110) and received an average PPP loan of $281,012 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
New Horizon Technologies Energy Services LLC
R & S Riordan LLC
TSO Industrial Hygiene
Veismont Consulting LLC
Industry PPP Comparison Statistics
Nationwide, 28,306 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $2.1B 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 6 employees, 95% lower than Marcom, LLC's reported 110 employees, and received an average PPP loan of $74,096, 95% lower than this company's loan of $1.53M.
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Footnotes & Information
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