PPP Loan Data — Mcclure Holdings Corporation, Marion, IN
Mcclure Holdings Corporation is a corporation located at 1212 W. 500s in Marion, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,090,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The National Bank of Indianapolis
Mcclure Holdings Corporation in Marion, IN received a Paycheck Protection Loan of $2.09M through The National Bank of Indianapolis, 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, Mcclure Holdings Corporation's 2019 payroll expenses are estimated to be at least $10.03M.
Based on their reported 461 jobs retained, this equals an estimated average yearly compensation of $21,763 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mcclure Holdings Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,090,200
Business Information - Mcclure Holdings Corporation in Marion, IN
1212 W. 500s
Marion, IN 46953
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Marion
In the Marion area, 7 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 461) and received an average PPP loan of $304,755 (compared to this company's $2.09M).
Similar Nearby Businesses Who Received PPP Funding:
DBY Petroleum Inc
Marion Food Mart, Inc
Way To Go Inc
Friendly Group LLC
Marion Mart, LLC
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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 10 employees, 98% lower than Mcclure Holdings Corporation's reported 461 employees, and received an average PPP loan of $45,821, 98% lower than this company's loan of $2.09M.
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Footnotes & Information
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