PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated June 30, 2023)

PPP Loan Data — Marlette Services Inc, Wilmington, DE

SBA PPP loan data, payroll data, and salaries for Marlette Services Inc

Marlette Services Inc

Entity: Corporation

Industry: Other Activities Related to Credit Intermediation

Location: Wilmington, DE

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Marlette Services Inc is a corporation located at 1523 Concord Pike Ste 201 in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $4,000,734.00 in April, 2020.

$ PPP Loan Information
Loan #8677157100

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Cross River Bank

Marlette Services Inc in Wilmington, DE received a Paycheck Protection Loan of $4M through Cross River Bank, 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, 2022.

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.

Read More
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.

Read More

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, Marlette Services Inc's 2019 payroll expenses are estimated to be at least $19.2M.

Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $81,717 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $3,040,558
  • Rent: $160,029
  • Debt Interest: $800,147
Because the loan received by Marlette Services 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 - Marlette Services Inc in Wilmington, DE

Marlette Services Inc
1523 Concord Pike Ste 201
Wilmington, DE 19803

Business Industry:
Other Activities Related to Credit Intermediation
NAICS code 522390

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

New Castle County, DE — SBA Office 0341 — Congressional District: DE-

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Marlette Services Inc.

Marlette Funding, LLC
Other Activities Related to Credit Intermediation

$281,971 PPP Loan

Similar Companies near Wilmington

In the Wilmington area, 2 businesses in the "Other Activities Related to Credit Intermediation" industry received a PPP loan. These local businesses reported an average of 124 employees (compared to this company's 235) and received an average PPP loan of $2,141,353 (compared to this company's $4M).

Similar Nearby Businesses Who Received PPP Funding:

Marlette Funding, LLC
Wilmington, DE

$281,971 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,829 businesses in the "Other Activities Related to Credit Intermediation" industry received a total of $225.94M 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 8 employees, 97% lower than Marlette Services Inc's reported 235 employees, and received an average PPP loan of $79,865, 98% lower than this company's loan of $4M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **