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 #5783797202

Loan Size:

$3.54M

Jobs Retained:

486

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Atlantic Union Bank

Blind Industries And Services Of Maryland in Baltimore, MD received a Paycheck Protection Loan of $3.54M through Atlantic Union Bank, 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 November, 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.

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.

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, Blind Industries And Services Of Maryland's 2019 payroll expenses are estimated to be at least $16.97M.

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

Reported PPP Proceed Usage:

On the PPP application, Blind Industries And Services Of Maryland reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $3,535,025

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: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Baltimore County, MD — SBA Office 0373 — Congressional District: MD-03

Industry PPP Comparison Statistics

Nationwide, 2,826 businesses in the "Cut and Sew Apparel Contractors" industry received a total of $186.11M 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 10 employees, 98% lower than Blind Industries And Services Of Maryland's reported 486 employees, and received an average PPP loan of $65,855, 98% 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. 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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