PPP Loan Data — Martin Lm LLC, Oro Valley, AZ
Martin Lm LLC is a limited liability company (LLC) located at 12154 N Red Mountain Dr in Oro Valley, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,168,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Martin Lm LLC in Oro Valley, AZ received a Paycheck Protection Loan of $2.17M through Bridgewater Bank, which was approved in April, 2020.
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, Martin Lm LLC's 2019 payroll expenses are estimated to be at least $10.41M.
Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $39,568 per employee1
Reported PPP Proceed Usage:
On the PPP application, Martin Lm LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,734,000
- Rent: $434,000
Business Information - Martin Lm LLC in Oro Valley, AZ
12154 N Red Mountain Dr
Oro Valley, AZ 85755
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oro Valley
In the Oro Valley area, 2 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 263) and received an average PPP loan of $1,088,063 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
Oro Valley, AZ
Industry PPP Comparison Statistics
Nationwide, 36,628 businesses in the "Residential Property Managers" industry received a total of $3.05B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 97% lower than Martin Lm LLC's reported 263 employees, and received an average PPP loan of $83,394, 96% lower than this company's loan of $2.17M.
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Footnotes & Information
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