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PPP Loan Data — Marquis Industries Inc, Chatsworth, GA

SBA PPP loan data, payroll data, and salaries for Marquis Industries Inc
GA

Marquis Industries Inc

Entity: Corporation

Industry: Carpet and Rug Mills

Location: Chatsworth, GA

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Marquis Industries Inc is a corporation located at 2743 Hwy 76 in Chatsworth, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,767,887.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.77M

Jobs Retained:

484

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Marquis Industries Inc received a Paycheck Protection Loan of $4.77M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Marquis Industries Inc's total 2019 payroll expenses were approximately $22.89M in order to qualify for the PPP loan amount received.

Based on their reported 484 jobs retained, this equals an estimated average yearly compensation of $47,285 per employee1.

Because the loan received by Marquis Industries Inc 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 - Marquis Industries Inc in Chatsworth, GA

Marquis Industries Inc
2743 Hwy 76
Chatsworth, GA 30705

Business Industry

Carpet and Rug Mills (NAICS code 314110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-14

Similar Companies near Chatsworth

In the Chatsworth area, 17 businesses in the "Carpet and Rug Mills" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 484) and received an average PPP loan of $452,202 (compared to this company's $4.77M).

Industry PPP Comparison Statistics

Nationwide, 389 businesses in the "Carpet and Rug Mills" industry received a total of $115,483,385.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 25 employees, 95% lower than Marquis Industries Inc's reported 484 employees, and received an average PPP loan of $296,872, 94% lower than this company's loan of $4.77M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/marquis-industries-inc-chatsworth-ga