PPP Loan Data — Marquis Construction Services, LLC, Clute, TX
Marquis Construction Services, LLC is a limited liability company (LLC) located at 504 S. Highway 288-b in Clute, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in June, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TEXAS CHAMPION BANK
Marquis Construction Services, LLC in Clute, TX received a Paycheck Protection Loan of $10M through TEXAS CHAMPION BANK, which was approved in June, 2020.
Based on standard PPP eligibility rules, Marquis Construction Services, LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Marquis Construction Services, LLC in Clute, TX
504 S. Highway 288-b
Clute, TX 77531
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-14
Similar Companies near Clute
In the Clute area, 13 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 500) and received an average PPP loan of $797,268 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Aqua Classic Pools & Spas, Inc
Flash Tank Services Inc
JC Remodeling And Restoration LLC
Millennium Industrial Corporation
Teel Paving Inc
EQL Home Services LLC
Nick A Hodnett LLC
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 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 9 employees, 98% lower than Marquis Construction Services, LLC's reported 500 employees, and received an average PPP loan of $113,959, 99% lower than this company's loan of $10M.
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, 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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