PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Amvets National Ladies Auxiliary, Lanham, MD

ALERT: There are 2 PPP loans for a total of $50,304 in our database for businesses with the name "Amvets National Ladies Auxiliary" in Lanham, MD. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Amvets National Ladies Auxiliary
MD Nonprofit Organization

Amvets National Ladies Auxiliary

Entity: Non-profit Organization

Industry: Civic and Social Organizations

Location: Lanham, MD

Search All PPP Data

Amvets National Ladies Auxiliary is a non-profit organization located at 4647 Forbes Blvd in Lanham, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,152.00 in February, 2021.

$ PPP Loan Information
Loan #2006978402

Loan Size:

$25,152

Jobs Retained:

3

Loan Approved:

2021-02-03

Loan Status:

Active Un-Disbursed

Lender:

Sandy Spring Bank
PPP Funds Undisbursed

Amvets National Ladies Auxiliary in Lanham, MD received a Paycheck Protection Loan of $25,152 through Sandy Spring Bank, which was approved in February, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $25,152 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

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. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

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.

Read More

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, Amvets National Ladies Auxiliary's 2019 payroll expenses are estimated to be at least $120,730.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,243 per employee1

Reported PPP Proceed Usage:

On the PPP application, Amvets National Ladies Auxiliary reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,150
  • Utilities: $1

Business Information - Amvets National Ladies Auxiliary in Lanham, MD

Amvets National Ladies Auxiliary
4647 Forbes Blvd
Lanham, MD 20706

Business Industry:
Civic and Social Organizations
NAICS code 813410

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: Y

HUBZone: N

Rural / Urban: Urban

Prince Georges County, MD — SBA Office 0353 — Congressional District: MD-04

Similar Companies near Lanham

In the Lanham area, 9 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 3) and received an average PPP loan of $462,819 (compared to this company's $25,152).

Industry PPP Comparison Statistics

Nationwide, 18,550 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 567% higher than Amvets National Ladies Auxiliary's reported 3 employees, and received an average PPP loan of $140,085, 457% higher than this company's loan of $25,152.

SBA PPP loan data, payroll data, and salaries for Amvets National Ladies Auxiliary
MD Nonprofit Organization

Amvets National Ladies Auxiliary

Entity: Non-profit Organization

Industry: Civic and Social Organizations

Location: Lanham, MD

Search All PPP Data

Amvets National Ladies Auxiliary is a non-profit organization located at 4647 Forbes Blvd in Lanham, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,152.00 in May, 2020.

$ PPP Loan Information
Loan #6406987406

Loan Size:

$25,152

Jobs Retained:

3

Loan Approved:

2020-05-14

Loan Status:

Paid in Full or Forgiven

Lender:

Sandy Spring Bank

Amvets National Ladies Auxiliary in Lanham, MD received a Paycheck Protection Loan of $25,152 through Sandy Spring Bank, which was approved in May, 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 May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

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. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

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.

Read More

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, Amvets National Ladies Auxiliary's 2019 payroll expenses are estimated to be at least $120,730.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,243 per employee1

Reported PPP Proceed Usage:

On the PPP application, Amvets National Ladies Auxiliary reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,152

Business Information - Amvets National Ladies Auxiliary in Lanham, MD

Amvets National Ladies Auxiliary
4647 Forbes Blvd
Lanham, MD 20706

Business Industry:
Civic and Social Organizations
NAICS code 813410

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: Y

HUBZone: N

Rural / Urban: Urban

Prince Georges County, MD — SBA Office 0353 — Congressional District: MD-04

Similar Companies near Lanham

In the Lanham area, 9 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 3) and received an average PPP loan of $462,819 (compared to this company's $25,152).

Industry PPP Comparison Statistics

Nationwide, 18,550 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 567% higher than Amvets National Ladies Auxiliary's reported 3 employees, and received an average PPP loan of $140,085, 457% higher than this company's loan of $25,152.

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.

Search FederalPay's Full PPP Loan Database

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/amvets-national-ladies-auxiliary-lanham-md