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PPP Loan Data — PAR Mar Oil Company, Marietta, OH

SBA PPP loan data, payroll data, and salaries for PAR Mar Oil Company
OH

PAR Mar Oil Company

Entity: Subchapter S Corporation

Industry: Gasoline Stations with Convenience Stores

Location: Marietta, OH

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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

Loan Size:

$4.41M

Jobs Retained:

500

Loan Approved:

2020-04-27

Lender:

PEOPLES BANK

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.

Because the loan received by PAR Mar Oil Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - PAR Mar Oil Company in Marietta, OH

PAR Mar Oil Company
114 A Westview Ave
Marietta, OH 45750

Business Industry

Gasoline Stations with Convenience Stores (NAICS code 447110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional 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.
Marietta, OH

$21,600 PPP Loan

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

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/par-mar-oil-company-marietta-oh