PPP Loan Data — Mercer Landmark Inc, Celina, OH
Mercer Landmark Inc is a corporation located at 426 West Market St in Celina, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 256 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mercer Landmark Inc in Celina, OH received a Paycheck Protection Loan of $2.5M through CoBank ACB, 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 June, 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, Mercer Landmark Inc's 2019 payroll expenses are estimated to be at least $12M.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $46,875 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mercer Landmark Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,500,000
Business Information - Mercer Landmark Inc in Celina, OH
426 West Market St
Celina, OH 45822
Farm Supplies Merchant Wholesalers
NAICS code 424910
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Celina
In the Celina area, 2 businesses in the "Farm Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 256) and received an average PPP loan of $1,300,800 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
B&A Genetics LLC
Industry PPP Comparison Statistics
Nationwide, 4,373 businesses in the "Farm Supplies Merchant Wholesalers" industry received a total of $607.02M 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 13 employees, 95% lower than Mercer Landmark Inc's reported 256 employees, and received an average PPP loan of $138,811, 94% lower than this company's loan of $2.5M.
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Footnotes & Information
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