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PPP Loan Data — Center For Social Change, Inc.,
Elkridge, MD
Center For Social Change, Inc.
Entity: Corporation
Industry: Services for the Elderly and Persons with Disabilities
Location: Elkridge, MD
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Center For Social Change, Inc. is a corporation located at 6600 Amberton Dr in Elkridge, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,738,645.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-27Lender:
SANDY SPRING BANKCenter For Social Change, Inc. received a Paycheck Protection Loan of $2.74M through SANDY SPRING BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Center For Social Change, Inc.'s total 2019 payroll expenses were approximately $13.15M in order to qualify for the PPP loan amount received.
Unlike most businesses, Center For Social Change, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Center For Social Change, Inc. in Elkridge, MD
6600 Amberton Dr
Elkridge, MD 21075
Business Industry
Services for the Elderly and Persons with Disabilities (NAICS code 624120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MD-02Similar Companies near Elkridge
In the Elkridge area, 3 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 153 employees (compared to this company's 0) and received an average PPP loan of $1,573,489 (compared to this company's $2.74M).
Similar Nearby Businesses Who Received PPP Funding:
AC & E, Inc
Hanover, MD
Emmanuel Home Health Services Inc
Elkridge, MD
Industry PPP Comparison Statistics
Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 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 32 employees, and received an average PPP loan of $217,933, 92% lower than this company's loan of $2.74M.
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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