PPP Loan Data — Cockeys Enterprises Inc, Baltimore, MD
Cockeys Enterprises Inc is a subchapter s corporation located at 3300 Transway Rd in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Cockeys Enterprises Inc in Baltimore, MD received a Paycheck Protection Loan of $2M through PNC Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Cockeys Enterprises Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $83,478 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cockeys Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Cockeys Enterprises Inc in Baltimore, MD
3300 Transway Rd
Baltimore, MD 21227
Solid Waste Collection
NAICS code 562111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 2 businesses in the "Solid Waste Collection" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 115) and received an average PPP loan of $1,230,250 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
DC. Foam Recycle Incorporated
Industry PPP Comparison Statistics
Nationwide, 3,891 businesses in the "Solid Waste Collection" industry received a total of $616.17M 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 15 employees, 87% lower than Cockeys Enterprises Inc's reported 115 employees, and received an average PPP loan of $158,359, 92% lower than this company's loan of $2M.
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