PPP Loan Data — Bowings & Huber LLC, Hampstead, MD
Bowings & Huber LLC
Entity: Limited Liability Company (LLC)
Location: Hampstead, MDTweet This • Search All PPP Data
Bowings & Huber LLC is a limited liability company (LLC) located at 838 South Main Street in Hampstead, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,730,657.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 212 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Bowings & Huber LLC received a Paycheck Protection Loan of $2.73M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bowings & Huber LLC's total 2019 payroll expenses were approximately $13.11M in order to qualify for the PPP loan amount received.
Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $61,826 per employee1.
Business Information - Bowings & Huber LLC in Hampstead, MD
838 South Main Street
Hampstead, MD 21074
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: MD-01
Similar Companies near Hampstead
In the Hampstead area, 14 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 212) and received an average PPP loan of $266,322 (compared to this company's $2.73M).
Similar Nearby Businesses Who Received PPP Funding:
CT Smith Electrical Services LLC
ANR Electric, LLC
Absolute Integrity Electrical Contractors, LLC
Reilly Electrical Services, Inc.
Brock Services Of Maryland Inc.
Data Center Service Group LLC
Tri Power Electrical Contractor, LLC
Sonner & Associates, Inc
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 94% lower than Bowings & Huber LLC's reported 212 employees, and received an average PPP loan of $181,171, 93% lower than this company's loan of $2.73M.
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.
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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