PPP Loan Data — Marmen Energy Co., Brandon, SD
Marmen Energy Co. is a corporation located at 1820 North Plum Ave in Brandon, South Dakota that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.
$ PPP Loan Information
Marmen Energy Co. in Brandon, SD received a Paycheck Protection Loan of $3M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Marmen Energy Co.'s total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.
Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $56,471 per employee1.
Business Information - Marmen Energy Co. in Brandon, SD
1820 North Plum Ave
Brandon, SD 57005
Fabricated Structural Metal Manufacturing (NAICS code 332312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: SD-
Similar Companies near Brandon
In the Brandon area, 2 businesses in the "Fabricated Structural Metal Manufacturing" industry received a PPP loan. These local businesses reported an average of 161 employees (compared to this company's 255) and received an average PPP loan of $1,876,600 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,076 businesses in the "Fabricated Structural Metal Manufacturing" industry received a total of $957,416,230.00 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 23 employees, 91% lower than Marmen Energy Co.'s reported 255 employees, and received an average PPP loan of $311,254, 90% lower than this company's loan of $3M.
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Footnotes & Information
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