Blind Industries And Services Of Maryland in Baltimore, MD - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Blind Industries And Services Of Maryland, Baltimore, MD

MD Nonprofit Organization

Blind Industries And Services Of Maryland

Entity: Non-profit Organization

Industry: Cut and Sew Apparel Contractors

Location: Baltimore, MD

Blind Industries And Services Of Maryland is a non-profit organization located at 3345 Washington Boulevard in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,535,025.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.54M

Jobs Retained:

486

Loan Approved:

2020-04-27

Lender:

ATLANTIC UNION BANK

Blind Industries And Services Of Maryland received a Paycheck Protection Loan of $3.54M through ATLANTIC UNION BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Blind Industries And Services Of Maryland's total 2019 payroll expenses were approximately $16.97M in order to qualify for the PPP loan amount received.

Based on their reported 486 jobs retained, this equals an estimated average yearly compensation of $34,914 per employee¹.

Because the loan received by Blind Industries And Services Of Maryland 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 - Blind Industries And Services Of Maryland in Baltimore, MD

Blind Industries And Services Of Maryland
3345 Washington Boulevard
Baltimore, MD 21227

Business Industry

Cut and Sew Apparel Contractors (NAICS code 315210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-03

Industry PPP Comparison Statistics

Nationwide, 1,002 businesses in the "Cut and Sew Apparel Contractors" industry received a total of $108,959,623.00 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 15 employees, 97% lower than Blind Industries And Services Of Maryland's reported 486 employees, and received an average PPP loan of $108,742, 97% lower than this company's loan of $3.54M.

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.

Search FederalPay's Full PPP Loan Database

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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