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PPP Loan Data — Maron Marvel Bradley Anderson &Tardy LLC, Wilmington, DE

SBA PPP loan data, payroll data, and salaries for Maron Marvel Bradley Anderson &Tardy LLC
DE

Maron Marvel Bradley Anderson &Tardy LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Lawyers

Location: Wilmington, DE

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Maron Marvel Bradley Anderson &Tardy LLC is a limited liability company (LLC) located at 1201 N Market St in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $3,855,829.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.86M

Jobs Retained:

192

Loan Approved:

2020-04-14

Lender:

FULTON BANK, NATIONAL ASSOCIATION

Maron Marvel Bradley Anderson &Tardy LLC received a Paycheck Protection Loan of $3.86M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Maron Marvel Bradley Anderson &Tardy LLC's total 2019 payroll expenses were approximately $18.51M in order to qualify for the PPP loan amount received.

Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $96,396 per employee1.

Because the loan received by Maron Marvel Bradley Anderson &Tardy LLC 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 - Maron Marvel Bradley Anderson &Tardy LLC in Wilmington, DE

Maron Marvel Bradley Anderson &Tardy LLC
1201 N Market St
Wilmington, DE 19801

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: DE-

Similar Companies near Wilmington

In the Wilmington area, 66 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 192) and received an average PPP loan of $275,443 (compared to this company's $3.86M).

Industry PPP Comparison Statistics

Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 97% lower than Maron Marvel Bradley Anderson &Tardy LLC's reported 192 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $3.86M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/maron-marvel-bradley-anderson-and-tardy-llc-wilmington-de