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PPP Loan Data — Marous Brothers Construction Inc,
Wickliffe, OH
Marous Brothers Construction Inc
Entity: Subchapter S Corporation
Industry: New Single-Family Housing Construction (except For-Sale Builders)
Location: Wickliffe, OH
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Marous Brothers Construction Inc is a subchapter s corporation located at 1702 Joseph Lloyd Parkway in Wickliffe, Ohio that received a Coronavirus-related PPP loan from the SBA of $5,481,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 291 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
291Loan Approved:
2020-04-11Lender:
THE HUNTINGTON NATIONAL BANKMarous Brothers Construction Inc received a Paycheck Protection Loan of $5.48M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Marous Brothers Construction Inc's total 2019 payroll expenses were approximately $26.31M in order to qualify for the PPP loan amount received.
Based on their reported 291 jobs retained, this equals an estimated average yearly compensation of $90,410 per employee1.
Business Information - Marous Brothers Construction Inc in Wickliffe, OH
1702 Joseph Lloyd Parkway
Wickliffe, OH 44092
Business Industry
New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: OH-14Similar Companies near Wickliffe
In the Wickliffe area, 5 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 291) and received an average PPP loan of $1,107,264 (compared to this company's $5.48M).
Similar Nearby Businesses Who Received PPP Funding:
Bananc LLC
Wickliffe, OH
Paul J Brazalovics
Wickliffe, OH
Servco Automotive
Wickliffe, OH
Bishop Construction LLC
Wickliffe, OH
Industry PPP Comparison Statistics
Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 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 5 employees, 98% lower than Marous Brothers Construction Inc's reported 291 employees, and received an average PPP loan of $58,566, 99% lower than this company's loan of $5.48M.
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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