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PPP Loan Data — David S. Brown Enterprises, Owings Mills, MD

SBA PPP loan data, payroll data, and salaries for David S. Brown Enterprises
MD

David S. Brown Enterprises

Entity: Subchapter S Corporation

Industry: Lessors of Other Real Estate Property

Location: Owings Mills, MD

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David S. Brown Enterprises is a subchapter s corporation located at 100 Painters Mill Road in Owings Mills, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,887,027.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.89M

Jobs Retained:

217

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

David S. Brown Enterprises received a Paycheck Protection Loan of $2.89M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, David S. Brown Enterprises' total 2019 payroll expenses were approximately $13.86M in order to qualify for the PPP loan amount received.

Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $63,861 per employee1.

Because the loan received by David S. Brown Enterprises 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 S. Brown Enterprises in Owings Mills, MD

David S. Brown Enterprises
100 Painters Mill Road
Owings Mills, MD 21117

Business Industry

Lessors of Other Real Estate Property (NAICS code 531190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-03

Similar Companies near Owings Mills

In the Owings Mills area, 2 businesses in the "Lessors of Other Real Estate Property" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 217) and received an average PPP loan of $1,615,110 (compared to this company's $2.89M).

Similar Nearby Businesses Who Received PPP Funding:

Residential Realty Group, Inc.
Owings Mills, MD

$343,193 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 8,405 businesses in the "Lessors of Other Real Estate Property" industry received a total of $566,351,970.00 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, 97% lower than David S. Brown Enterprises' reported 217 employees, and received an average PPP loan of $67,383, 98% lower than this company's loan of $2.89M.

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/david-s-brown-enterprises-owings-mills-md