PPP Loan Data — Marshall Brothers Construction, Centennial, CO
Marshall Brothers Construction
Location: Centennial, COTweet This • Search All PPP Data
Marshall Brothers Construction is a corporation located at 6920 S Jordan Rd Ste H in Centennial, Colorado that received a Coronavirus-related PPP loan from the SBA of $46,595.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least 30 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Marshall Brothers Construction in Centennial, CO received a Paycheck Protection Loan of $46,595 through JPMorgan Chase Bank, National Association, which was approved in May, 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
Understanding Payroll Estimates Based On PPP Amount
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, Marshall Brothers Construction's 2019 payroll expenses are estimated to be at least $223,656.
Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $7,455 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marshall Brothers Construction reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,000
- Utilities: $4,000
- Rent: $6,595
Business Information - Marshall Brothers Construction in Centennial, CO
6920 S Jordan Rd Ste H
Centennial, CO 80112
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Centennial
In the Centennial area, 55 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 30) and received an average PPP loan of $157,586 (compared to this company's $46,595).
Similar Nearby Businesses Who Received PPP Funding:
GEN 3 Roofing Corp
Devex Properties, LLC
Greenwood Village, CO
Colorado Landscape Builders
J M Sullivan Construction Company LLC
Mcatee Properties, LLC
The Log Doctor, LLC
Home Builders Foundation Of Metro Denver
DCH Construction LLC
LGR Construction Services LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 83% lower than Marshall Brothers Construction's reported 30 employees, and received an average PPP loan of $45,182, 3% lower than this company's loan of $46,595.
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