PPP Loan Data — Martt Enterprises, Inc, Harrodsburg, KY
Martt Enterprises, Inc is a subchapter s corporation located at 1050 N College St in Harrodsburg, Kentucky that received a Coronavirus-related PPP loan from the SBA of $24,943.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Federal Savings Bank of Kentucky
Martt Enterprises, Inc in Harrodsburg, KY received a Paycheck Protection Loan of $24,943 through First Federal Savings Bank of Kentucky, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, Martt Enterprises, Inc's 2019 payroll expenses are estimated to be at least $119,726.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,945 per employee1
Reported PPP Proceed Usage:
On the PPP application, Martt Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,943
Business Information - Martt Enterprises, Inc in Harrodsburg, KY
1050 N College St
Harrodsburg, KY 40330
Automotive Parts and Accessories Stores
NAICS code 441310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Harrodsburg
In the Harrodsburg area, 2 businesses in the "Automotive Parts and Accessories Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $16,963 (compared to this company's $24,943).
Similar Nearby Businesses Who Received PPP Funding:
Auto Kustoms LLC
Industry PPP Comparison Statistics
Nationwide, 17,983 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $1.2B 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 8 employees, 60% higher than Martt Enterprises, Inc's reported 5 employees, and received an average PPP loan of $66,454, 166% higher than this company's loan of $24,943.
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Footnotes & Information
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