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PPP Loan Data — Mars Advertising, Inc.,
Southfield, MI
Mars Advertising, Inc.
Entity: Subchapter S Corporation
Industry: Advertising Agencies
Location: Southfield, MI
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Mars Advertising, Inc. is a subchapter s corporation located at 25200 Telegraph Road in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $5,120,190.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
283Loan Approved:
2020-04-09Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONMars Advertising, Inc. received a Paycheck Protection Loan of $5.12M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mars Advertising, Inc.'s total 2019 payroll expenses were approximately $24.58M in order to qualify for the PPP loan amount received.
Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $86,844 per employee1.
Business Information - Mars Advertising, Inc. in Southfield, MI
25200 Telegraph Road
Southfield, MI 48033
Business Industry
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-14Similar Companies near Southfield
In the Southfield area, 3 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 95 employees (compared to this company's 283) and received an average PPP loan of $1,889,274 (compared to this company's $5.12M).
Similar Nearby Businesses Who Received PPP Funding:
Alan J Sussman & Associates, Inc
Southfield, MI
Yaffe & Company
Southfield, MI
Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 97% lower than Mars Advertising, Inc.'s reported 283 employees, and received an average PPP loan of $126,253, 98% lower than this company's loan of $5.12M.
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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