PPP Loan Data — Baltimore Symphony Orchestra, Inc., Baltimore, MD
Baltimore Symphony Orchestra, Inc. is a non-profit organization located at 1212 Cathedral St in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,181,757.00 in April, 2020.
$ PPP Loan Information
Lender:TITAN BANK, NATIONAL ASSOCIATION
Baltimore Symphony Orchestra, Inc. in Baltimore, MD received a Paycheck Protection Loan of $3.18M through TITAN BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Baltimore Symphony Orchestra, Inc.'s total 2019 payroll expenses were approximately $15.27M in order to qualify for the PPP loan amount received.
Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $75,982 per employee1.
Business Information - Baltimore Symphony Orchestra, Inc. in Baltimore, MD
1212 Cathedral St
Baltimore, MD 21201
Other Grantmaking and Giving Services (NAICS code 813219)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-07
Similar Companies near Baltimore
In the Baltimore area, 9 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 201) and received an average PPP loan of $661,298 (compared to this company's $3.18M).
Similar Nearby Businesses Who Received PPP Funding:
World Trade Center Institute
International Youth Foundation
Baltimore Office Of Promotion & The Arts
Maryland Israel Development Center, Inc.
Live Baltimore Home Center Inc.
Anne Arundel Conflict Resolution Center
East Baltimore Community Corporation
Industry PPP Comparison Statistics
Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 16 employees, 92% lower than Baltimore Symphony Orchestra, Inc.'s reported 201 employees, and received an average PPP loan of $159,299, 95% lower than this company's loan of $3.18M.
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, and is published unmodified, as provided by the SBA.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!