PPP Loan Data — Mario's Holding Co, Salem, OR
Mario's Holding Co is a corporation located at 5179 River Rd N in Salem, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
The company has reported itself as an Asian male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Mario's Holding Co in Salem, OR received a Paycheck Protection Loan of $25,000 through KeyBank National Association, which was approved in June, 2020.
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, Mario's Holding Co's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mario's Holding Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Mario's Holding Co in Salem, OR
5179 River Rd N
Salem, OR 97303
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Salem
In the Salem area, 8 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $29,965 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
K-D Sand And Gravel
Sterling Asset Management Group, Inc
Roadking Trucking LLC
Vista Body Shop, Inc
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 33% lower than Mario's Holding Co's reported 6 employees, and received an average PPP loan of $37,520, 50% higher than this company's loan of $25,000.
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Footnotes & Information
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