Mariani Enterprises, Inc in Lake Bluff, IL - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Mariani Enterprises, Inc, Lake Bluff, IL

Mariani Enterprises, Inc

Entity: Corporation

Industry: Landscape Architectural Services

Location: Lake Bluff, IL

Mariani Enterprises, Inc is a corporation located at 300 Rockland Rd in Lake Bluff, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,189,500.00 in April, 2020.

$ PPP Loan Information
Loan #2211827101

Loan Size:

$4.19M

Jobs Retained:

470

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Vibrant CU

Mariani Enterprises, Inc in Lake Bluff, IL received a Paycheck Protection Loan of $4.19M through Vibrant CU, 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 September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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, Mariani Enterprises, Inc's 2019 payroll expenses are estimated to be at least $20.11M.

Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $42,786 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Mariani Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $4,189,500

Because the loan received by Mariani Enterprises, 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 - Mariani Enterprises, Inc in Lake Bluff, IL

Mariani Enterprises, Inc
300 Rockland Rd
Lake Bluff, IL 60044

Business Industry:
Landscape Architectural Services
NAICS code 541320

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lake County, IL — SBA Office 0507 — Congressional District: IL-10

Similar Companies near Lake Bluff

In the Lake Bluff area, 11 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 470) and received an average PPP loan of $662,279 (compared to this company's $4.19M).

Similar Nearby Businesses Who Received PPP Funding:

B.c. Irrigation, Inc
Lake Bluff, IL

$81,300 PPP Loan

Wright Landscaping, Inc
Lake Forest, IL

$215,083 PPP Loan

Grundstrom Landscape & Maintenance Inc
Lake Bluff, IL

$161,343 PPP Loan

B.c. Landscape Mansory, Inc
Lake Bluff, IL

$152,400 PPP Loan

Horvat Design Group, LTD
Lake Bluff, IL

$88,300 PPP Loan

Scott Byron & Company Inc
Lake Bluff, IL

$1.99M PPP Loan

Urban Arborist, Inc
Lake Bluff, IL

$40,546 PPP Loan

R Sanchez & Sons Inc
Lake Bluff, IL

$57,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 19,376 businesses in the "Landscape Architectural Services" industry received a total of $1.33B 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 9 employees, 98% lower than Mariani Enterprises, Inc's reported 470 employees, and received an average PPP loan of $68,812, 98% lower than this company's loan of $4.19M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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