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PPP Loan Data — Adolfo William De Paris, Edgewater, MD

SBA PPP loan data, payroll data, and salaries for Adolfo William De Paris
MD

Adolfo William De Paris

Entity: Independent Contractor

Industry: Food Service Contractors

Location: Edgewater, MD

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Adolfo William De Paris is an independent contractor located in Edgewater, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.

$ PPP Loan Information
Loan #7435077201

Loan Size:

$25,000

Jobs Retained:

1

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Community Bank of the Chesapeake
Likely Employment Reduction3

Adolfo William De Paris in Edgewater, MD received a Paycheck Protection Loan of $25,000 through Community Bank of the Chesapeake, 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 March, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Adolfo William De Paris reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,000

Business Information - Adolfo William De Paris in Edgewater, MD

Adolfo William De Paris
Edgewater, MD
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Food Service Contractors
NAICS code 722310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Anne Arundel County, MD — SBA Office 0373 — Congressional District: MD-05

Industry PPP Comparison Statistics

Nationwide, 38,610 businesses in the "Food Service Contractors" industry received a total of $2.01B 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 6 employees, 500% higher than Adolfo William De Paris' reported 1 employees, and received an average PPP loan of $52,102, 108% higher than this company's loan of $25,000.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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Source: www.federalpay.org/paycheck-protection-program/adolfo-william-de-paris-edgewater-md