PPP Loan Data — Martin Concrete Construction, Inc., Kennesaw, GA
Martin Concrete Construction, Inc. is a corporation located at 4040 Royal Dr in Kennesaw, Georgia that received a Coronavirus-related PPP loan from the SBA of $5,516,240.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 300 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CADENCE BANK, NATIONAL ASSOCIATION
Martin Concrete Construction, Inc. in Kennesaw, GA received a Paycheck Protection Loan of $5.52M through CADENCE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Martin Concrete Construction, Inc.'s total 2019 payroll expenses were approximately $26.48M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $88,260 per employee1.
Business Information - Martin Concrete Construction, Inc. in Kennesaw, GA
4040 Royal Dr
Kennesaw, GA 30144
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: GA-11
Similar Companies near Kennesaw
In the Kennesaw area, 24 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 300) and received an average PPP loan of $326,307 (compared to this company's $5.52M).
Similar Nearby Businesses Who Received PPP Funding:
Global Granite Corporation
First Fence Of Georgia Inc.
Caliber Electric LLC
Childers Foundations Inc.
Bravo Fence LLC
David W. Myers, Inc.
Rusty F. Haradon
FOX Fence Company
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 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 9 employees, 97% lower than Martin Concrete Construction, Inc.'s reported 300 employees, and received an average PPP loan of $113,959, 98% lower than this company's loan of $5.52M.
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, 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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