PPP Loan Data — Marine Layer, Inc., San Francisco, CA
Marine Layer, Inc. is a corporation located at 1572 California Street in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $2,471,820.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Marine Layer, Inc. in San Francisco, CA received a Paycheck Protection Loan of $2.47M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Marine Layer, Inc.'s total 2019 payroll expenses were approximately $11.86M in order to qualify for the PPP loan amount received.
Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $37,786 per employee1.
Business Information - Marine Layer, Inc. in San Francisco, CA
1572 California Street
San Francisco, CA 94109
Family Clothing Stores (NAICS code 448140)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-12
Similar Companies near San Francisco
In the San Francisco area, 3 businesses in the "Family Clothing Stores" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 314) and received an average PPP loan of $860,188 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Revolve Merchandise Services LLC
San Francisco, CA
San Francisco, CA
Industry PPP Comparison Statistics
Nationwide, 4,171 businesses in the "Family Clothing Stores" industry received a total of $238,938,997.00 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 8 employees, 97% lower than Marine Layer, Inc.'s reported 314 employees, and received an average PPP loan of $57,286, 98% lower than this company's loan of $2.47M.
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, and is published unmodified, as provided by the SBA.
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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