PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — David A Bramble Farm LLC, Chestertown, MD

SBA PPP loan data, payroll data, and salaries for David A Bramble Farm LLC
MD

David A Bramble Farm LLC

Entity: Limited Liability Company (LLC)

Industry: Highway, Street, and Bridge Construction

Location: Chestertown, MD

Search All PPP Data

David A Bramble Farm LLC is a limited liability company (LLC) located at 705 Morgnec Road in Chestertown, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,694,455.00 in April, 2020.

$ PPP Loan Information
Loan #8927397106

Loan Size:

$2.69M

Jobs Retained:

139

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

David A Bramble Farm LLC in Chestertown, MD received a Paycheck Protection Loan of $2.69M through Manufacturers and Traders Trust Company, which was approved in April, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, David A Bramble Farm LLC's 2019 payroll expenses are estimated to be at least $12.93M.

Based on their reported 139 jobs retained, this equals an estimated average yearly compensation of $93,046 per employee1

Reported PPP Proceed Usage:

On the PPP application, David A Bramble Farm LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,385,700
  • Utilities: $50,000
  • Rent: $15,000
  • Health Care: $227,255
  • Debt Interest: $16,500
Because the loan received by David A Bramble Farm 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 - David A Bramble Farm LLC in Chestertown, MD

David A Bramble Farm LLC
705 Morgnec Road
Chestertown, MD 21620

Business Industry:
Highway, Street, and Bridge Construction
NAICS code 237310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Kent County, MD — SBA Office 0373 — Congressional District: MD-01

Similar Companies near Chestertown

In the Chestertown area, 2 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 160 employees (compared to this company's 139) and received an average PPP loan of $2,347,228 (compared to this company's $2.69M).

Similar Nearby Businesses Who Received PPP Funding:

David A. Bramble Inc
Chestertown, MD

$2M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 10,581 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.82B 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 27 employees, 81% lower than David A Bramble Farm LLC's reported 139 employees, and received an average PPP loan of $361,045, 87% lower than this company's loan of $2.69M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/david-a-bramble-farm-llc-chestertown-md