PPP Loan Data — PAR Mar Oil Company, Marietta, OH
PAR Mar Oil Company is a subchapter s corporation located at 114 A Westview Ave in Marietta, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,406,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
PAR Mar Oil Company received a Paycheck Protection Loan of $4.41M through PEOPLES BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, PAR Mar Oil Company's total 2019 payroll expenses were approximately $21.15M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $42,301 per employee1.
Business Information - PAR Mar Oil Company in Marietta, OH
114 A Westview Ave
Marietta, OH 45750
Gasoline Stations with Convenience Stores (NAICS code 447110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: OH-06
Similar Companies near Marietta
In the Marietta area, 2 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 254 employees (compared to this company's 500) and received an average PPP loan of $2,214,000 (compared to this company's $4.41M).
Similar Nearby Businesses Who Received PPP Funding:
Warren Foods, Inc.
Industry PPP Comparison Statistics
Nationwide, 29,511 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $1,334,454,507.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 98% lower than PAR Mar Oil Company's reported 500 employees, and received an average PPP loan of $45,219, 99% lower than this company's loan of $4.41M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!