Cosmic Concepts Limited in Hunt Valley, MD - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Cosmic Concepts Limited, Hunt Valley, MD

Cosmic Concepts Limited

Entity: Corporation

Industry: Public Relations Agencies

Location: Hunt Valley, MD

Cosmic Concepts Limited is a corporation located at 318 Clubhouse Rd in Hunt Valley, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,825,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.83M

Jobs Retained:

500

Loan Approved:

2020-04-15

Lender:

PNC BANK, NATIONAL ASSOCIATION

Cosmic Concepts Limited in Hunt Valley, MD received a Paycheck Protection Loan of $3.83M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Cosmic Concepts Limited's total 2019 payroll expenses were approximately $18.36M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $36,726 per employee¹.

Because the loan received by Cosmic Concepts Limited 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 - Cosmic Concepts Limited in Hunt Valley, MD

Cosmic Concepts Limited
318 Clubhouse Rd
Hunt Valley, MD 21031

Business Industry

Public Relations Agencies (NAICS code 541820)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-07

Industry PPP Comparison Statistics

Nationwide, 4,551 businesses in the "Public Relations Agencies" industry received a total of $426,960,917.00 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 6 employees, 99% lower than Cosmic Concepts Limited's reported 500 employees, and received an average PPP loan of $93,817, 98% lower than this company's loan of $3.83M.

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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