Corporate Brokers, LLC in Annapolis, MD - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Corporate Brokers, LLC, Annapolis, MD

Corporate Brokers, LLC

Entity: Limited Liability Company (LLC)

Industry: Temporary Help Services

Location: Annapolis, MD

Corporate Brokers, LLC is a limited liability company (LLC) located at 170 Jennifer Rd Ste 230 in Annapolis, Maryland that received a Coronavirus-related PPP loan from the SBA of $5,200,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 449 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.2M

Jobs Retained:

449

Loan Approved:

2020-04-07

Lender:

FIRST NATIONAL BANK OF PENNSYLVANIA

Corporate Brokers, LLC in Annapolis, MD received a Paycheck Protection Loan of $5.2M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Corporate Brokers, LLC's total 2019 payroll expenses were approximately $24.96M in order to qualify for the PPP loan amount received.

Based on their reported 449 jobs retained, this equals an estimated average yearly compensation of $55,590 per employee¹.

Because the loan received by Corporate Brokers, LLC 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 - Corporate Brokers, LLC in Annapolis, MD

Corporate Brokers, LLC
170 Jennifer Rd Ste 230
Annapolis, MD 21401

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MD-03

Industry PPP Comparison Statistics

Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 61 employees, 86% lower than Corporate Brokers, LLC's reported 449 employees, and received an average PPP loan of $608,834, 88% lower than this company's loan of $5.2M.

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.

Search FederalPay's Full PPP Loan Database

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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