PPP Loan Data — Catalyst Solutions Inc, Baltimore, MD
Catalyst Solutions Inc
Location: Baltimore, MDTweet This • Search All PPP Data
Catalyst Solutions Inc is a corporation located at 502 South Sharp Street in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $6,174,040.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 321 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Catalyst Solutions Inc in Baltimore, MD received a Paycheck Protection Loan of $6.17M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Catalyst Solutions Inc's total 2019 payroll expenses were approximately $29.64M in order to qualify for the PPP loan amount received.
Based on their reported 321 jobs retained, this equals an estimated average yearly compensation of $92,322 per employee1.
Business Information - Catalyst Solutions Inc in Baltimore, MD
502 South Sharp Street
Baltimore, MD 21201
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MD-07
Similar Companies near Baltimore
In the Baltimore area, 6 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 321) and received an average PPP loan of $1,099,226 (compared to this company's $6.17M).
Similar Nearby Businesses Who Received PPP Funding:
Center For Medical Technology Policy
Accucoms (Us), Inc.
Quality Solutions, LLC
Sage Policy Group
Industry PPP Comparison Statistics
Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 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 7 employees, 98% lower than Catalyst Solutions Inc's reported 321 employees, and received an average PPP loan of $104,882, 98% lower than this company's loan of $6.17M.
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.
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