PPP Loan Data — Marquis Energy LLC, Hennepin, IL
Marquis Energy LLC is a limited liability company (LLC) located at 11953 Prairie Industrial Pkwy in Hennepin, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,779,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Central Bank Illinois
Marquis Energy LLC in Hennepin, IL received a Paycheck Protection Loan of $1.78M through Central Bank Illinois, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Marquis Energy LLC's 2019 payroll expenses are estimated to be at least $8.54M.
Based on their reported 119 jobs retained, this equals an estimated average yearly compensation of $71,790 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marquis Energy LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,779,800
Business Information - Marquis Energy LLC in Hennepin, IL
11953 Prairie Industrial Pkwy
Hennepin, IL 61327
Ethyl Alcohol Manufacturing
NAICS code 325193
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hennepin
In the Hennepin area, 3 businesses in the "Ethyl Alcohol Manufacturing" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 119) and received an average PPP loan of $1,185,100 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
Marquis Management Services Inc
Industry PPP Comparison Statistics
Nationwide, 135 businesses in the "Ethyl Alcohol Manufacturing" industry received a total of $95.69M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 44 employees, 63% lower than Marquis Energy LLC's reported 119 employees, and received an average PPP loan of $708,844, 60% lower than this company's loan of $1.78M.
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Footnotes & Information
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