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PPP Loan Data — Besio Brown Farm LLC, Columbia, MD

SBA PPP loan data, payroll data, and salaries for Besio Brown Farm LLC
MD

Besio Brown Farm LLC

Entity: Sole Proprietorship

Industry: Flooring Contractors

Location: Columbia, MD

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Besio Brown Farm LLC is a sole proprietorship located at 9515 Gerwig Lane Suite 130 in Columbia, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,985,815.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 166 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.99M

Jobs Retained:

166

Loan Approved:

2020-04-10

Lender:

FULTON BANK, NATIONAL ASSOCIATION

Besio Brown Farm LLC received a Paycheck Protection Loan of $2.99M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Besio Brown Farm LLC's total 2019 payroll expenses were approximately $14.33M in order to qualify for the PPP loan amount received.

Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $86,337 per employee1.

Because the loan received by Besio Brown Farm 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.

Business Information - Besio Brown Farm LLC in Columbia, MD

Besio Brown Farm LLC
9515 Gerwig Lane Suite 130
Columbia, MD 21046

Business Industry

Flooring Contractors (NAICS code 238330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MD-03

Similar Companies near Columbia

In the Columbia area, 3 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 166) and received an average PPP loan of $1,014,005 (compared to this company's $2.99M).

Industry PPP Comparison Statistics

Nationwide, 11,459 businesses in the "Flooring Contractors" industry received a total of $864,656,941.00 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 6 employees, 96% lower than Besio Brown Farm LLC's reported 166 employees, and received an average PPP loan of $75,457, 97% lower than this company's loan of $2.99M.

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.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/besio-brown-farm-llc-columbia-md