PPP Loan Data — Marromac Inc, Lancaster, CA
Marromac Inc is a corporation located at 42913 Capital Dr Ste 106 in Lancaster, California that received a Coronavirus-related PPP loan from the SBA of $5,485,122.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Marromac Inc in Lancaster, CA received a Paycheck Protection Loan of $5.49M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Marromac Inc's total 2019 payroll expenses were approximately $26.33M 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 $52,657 per employee1.
Business Information - Marromac Inc in Lancaster, CA
42913 Capital Dr Ste 106
Lancaster, CA 93535
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-25
Similar Companies near Lancaster
In the Lancaster area, 22 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 500) and received an average PPP loan of $313,944 (compared to this company's $5.49M).
Similar Nearby Businesses Who Received PPP Funding:
Hiedi's Deli Inc.
Tastee Subs, Inc.
Mi Ranchito 10Th West
Vinces Pasta & Pizza West, Inc.
Moms Teriyaki & Bowl
Southern California Round Table
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Marromac Inc's reported 500 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $5.49M.
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