PPP Loan Data — Marotta Controls, Inc, Montville, NJ
Marotta Controls, Inc
Entity: Sole Proprietorship
Location: Montville, NJTweet This • Search All PPP Data
Marotta Controls, Inc is a sole proprietorship located at Po Box 427 in Montville, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,782,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 334 people during the applicable loan loan period.
$ PPP Loan Information
Lender:READYCAP LENDING, LLC
Marotta Controls, Inc in Montville, NJ received a Paycheck Protection Loan of $5.78M through READYCAP LENDING, LLC, which was approved in April, 2020.
Based on standard PPP eligibility rules, Marotta Controls, Inc's total 2019 payroll expenses were approximately $27.76M in order to qualify for the PPP loan amount received.
Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $83,100 per employee1.
Business Information - Marotta Controls, Inc in Montville, NJ
Po Box 427
Montville, NJ 7045
All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NJ-11
Similar Companies near Montville
In the Montville area, 2 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 178 employees (compared to this company's 334) and received an average PPP loan of $2,953,700 (compared to this company's $5.78M).
Similar Nearby Businesses Who Received PPP Funding:
189 Bloomfield Ave LLC
Industry PPP Comparison Statistics
Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 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 6 employees, 98% lower than Marotta Controls, Inc's reported 334 employees, and received an average PPP loan of $50,641, 99% lower than this company's loan of $5.78M.
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