PPP Loan Data — Dann Marine Towing, Lc, Chesapeake City, MD
Dann Marine Towing, Lc is a limited liability company (LLC) located at 299 Boat Yard Road in Chesapeake City, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,147,145.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Dann Marine Towing, Lc received a Paycheck Protection Loan of $3.15M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Dann Marine Towing, Lc's total 2019 payroll expenses were approximately $15.11M in order to qualify for the PPP loan amount received.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $81,217 per employee1.
Business Information - Dann Marine Towing, Lc in Chesapeake City, MD
299 Boat Yard Road
Chesapeake City, MD 21915
Coastal and Great Lakes Passenger Transportation (NAICS code 483114)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-01
Industry PPP Comparison Statistics
Nationwide, 106 businesses in the "Coastal and Great Lakes Passenger Transportation" industry received a total of $31,970,730.00 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 22 employees, 88% lower than Dann Marine Towing, Lc's reported 186 employees, and received an average PPP loan of $301,611, 90% lower than this company's loan of $3.15M.
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Footnotes & Information
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