Consider donating! Any corrections or modifications to this data can only be made via the SBA. - Limited Liability Company (LLC) - April, 2020. 552 (Freedom of Information Act) and 5 U.S.C. 
The company has reported itself as a White female owned business, and employed at least 170 people during the applicable loan loan period. 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. Based on their reported 158 jobs retained, this equals an estimated average yearly compensation of $55,422 per employee1. In order to qualify for the PPP loan amount received, Martin Energy Group, LLC's 2019 payroll expenses are estimated to be at least $8.76M. 84% lower than Martin Energy Group, LLC's reported 158 employees, and received an average PPP loan of $320,330, 82% lower than this company's loan of $1.82M. 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. The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. NAICS code 335312, Business Age:
PPP recipients in this industry report an average of 25 employees, Calculation methods vary based on entity type. Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components. Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $56,471 per employee1. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs. View sitemap, FederalPay is a free public resource site and is not affiliated with the United States government or any Government agency, Lender: INTRUST Bank, National Association.
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. 2. This industry in total received less than 1% of the total PPP funding distributed.
Protect your company name, brands and ideas as domains at one of the largest domain providers in Scandinavia. FederalPay does not modify the data and makes no claims regarding its accuracy. In order to qualify for the PPP loan amount received, Martin Energy Group LLC's 2019 payroll expenses are estimated to be at least $9.6M. Our full-featured web hosting packages include everything you need to get started with your website, email, blog and online store. All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. For more information, please see the FederalPay PPP Data Policy. PPP recipients in this industry report an average of 25 employees, $2M Loan 552a (the Privacy Act) and is published unmodified, as provided by the SBA. All rights reserved. Create your website with Loopia Sitebuilder.
Search available domains at loopia.com , With LoopiaDNS, you will be able to manage your domains in one single place in Loopia Customer zone. Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above. Motor and Generator Manufacturing Login to Loopia Customer zone and actualize your plan. Estimations for informational purposes only. This domain has been purchased and parked by a customer of Loopia. For Martin Energy Group LLC, the calculation used to estimate payroll costs is shown below: Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. In all cases, salaries or net earnings over $100k are capped at $100k for PPP calculation purposes, For new businesses that were not in operation in 2019, alternative reference periods are available. The loan's status was last updated by the SBA in May, 2022. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. On the PPP application, Martin Energy Group LLC reported intending to use the proceeds of their PPP loan for the following expenses: Business Industry: Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods. Use LoopiaWHOIS to view the domain holder's public information. The company has reported itself as a White female owned business, and employed at least 158 people during the applicable loan loan period. Have FederalPay.org's open data tools been valuable? 1.
New Business or 2 years or less. 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). Nationwide, 567 businesses in the "Motor and Generator Manufacturing" industry received a total of $181.63M in PPP loans. Are you the owner of the domain and want to get started? Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods. Existing or more than 2 years old. On the PPP application, Martin Energy Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses: Business Age: Martin Energy Group LLC is a limited liability company (LLC) located at 70150 Highway 50 in Tipton, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021. Because the loan received by Martin Energy Group LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements. Read more at loopia.com/loopiadns .
$57,404-$84,387 Per Year (Glassdoor est. Copyright 20082022, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. KEY NOT FOUND: ei.filter.lock-cta.message, Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Stand Out From the Crowd With the Perfect Cover Letter, How to Prepare for Your Interview and Land the Job. - Limited Liability Company (LLC) - February, 2021, $1.82M Loan 85% lower than Martin Energy Group LLC's reported 170 employees, and received an average PPP loan of $320,330, 84% lower than this company's loan of $2M. The loan's status was last updated by the SBA in May, 2021. 2014 - 2022 FederalPay.org. Usage is subject to our Terms and Privacy Policy. Martin Energy Group, LLC is a limited liability company (LLC) located at 70150 Highway 50 in Tipton, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,824,323.00 in April, 2020.
Filter your search results by job function, title, or location. Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only. For Martin Energy Group, LLC, the calculation used to estimate payroll costs is shown below: 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). ), The Ultimate Job Interview Preparation Guide. Martin Energy Group LLC in Tipton, MO received a Paycheck Protection Loan of $2M through INTRUST Bank, National Association, which was approved in February, 2021. Martin Energy Group, LLC in Tipton, MO received a Paycheck Protection Loan of $1.82M through Fifth Third Bank, which was approved in April, 2020. This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. However, specific calculation methods vary based on entity type and have numerous qualifications.