PPP Loan Data — Marketing Associates, LLC, Detroit, MI
Marketing Associates, LLC is a limited liability company (LLC) located at 777 Woodward Ave Ste 500 in Detroit, Michigan that received a Coronavirus-related PPP loan from the SBA of $7,199,700.00 in April, 2020.
$ PPP Loan Information
Marketing Associates, LLC received a Paycheck Protection Loan of $7.2M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Marketing Associates, LLC's total 2019 payroll expenses were approximately $34.56M in order to qualify for the PPP loan amount received.
Based on their reported 405 jobs retained, this equals an estimated average yearly compensation of $85,330 per employee1.
Business Information - Marketing Associates, LLC in Detroit, MI
777 Woodward Ave Ste 500
Detroit, MI 48226
Marketing Consulting Services (NAICS code 541613)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-14
Similar Companies near Detroit
In the Detroit area, 5 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 405) and received an average PPP loan of $1,457,831 (compared to this company's $7.2M).
Similar Nearby Businesses Who Received PPP Funding:
Dominant Approach LLC
Atomic Honey, LLC
Industry PPP Comparison Statistics
Nationwide, 30,514 businesses in the "Marketing Consulting Services" industry received a total of $1,952,010,997.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Marketing Associates, LLC's reported 405 employees, and received an average PPP loan of $63,971, 99% lower than this company's loan of $7.2M.
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.
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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