PPP Loan Data — Proforma Marjac Promotions, Norcross, GA
Proforma Marjac Promotions is a corporation located at 6990 Peachtree Ind. Blvd. Suite # G in Norcross, Georgia that received a Coronavirus-related PPP loan from the SBA of $45,956.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Proforma Marjac Promotions in Norcross, GA received a Paycheck Protection Loan of $45,956 through Wells Fargo Bank, National Association, which was approved in May, 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, Proforma Marjac Promotions' 2019 payroll expenses are estimated to be at least $220,589.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,530 per employee1
Reported PPP Proceed Usage:
On the PPP application, Proforma Marjac Promotions reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,956
Business Information - Proforma Marjac Promotions in Norcross, GA
6990 Peachtree Ind. Blvd. Suite # G
Norcross, GA 30071
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Proforma Marjac Promotions' reported 3 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $45,956.
FederalPay's PPP Information Policy
Footnotes & Information
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