PPP Loan Data — Marquis Industries Inc, Chatsworth, GA
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
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.
Business Information - Marquis Industries Inc in Chatsworth, GA
2743 Hwy 76
Chatsworth, GA 30705
Carpet and Rug Mills (NAICS code 314110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Millennium Carpet Mills, Inc
Carpet Connection, Inc.
Georgia Carpet Finishers Inc
Precision Tufting Components, Inc
BCO Nonwovens, Inc.
Advance Tufting, Inc
LEN-Dal Carpet & Rug Co., Inc.
Custom Printed Rugs LLC
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.
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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