PPP Loan Data — Daycon Products Company, Inc, Upper Marlboro, MD
Daycon Products Company, Inc
Entity: Subchapter S Corporation
Location: Upper Marlboro, MDTweet This • Search All PPP Data
Daycon Products Company, Inc is a subchapter s corporation located at 16001 Trade Zone Avenue in Upper Marlboro, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,725,700.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Daycon Products Company, Inc received a Paycheck Protection Loan of $2.73M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Daycon Products Company, Inc's total 2019 payroll expenses were approximately $13.08M in order to qualify for the PPP loan amount received.
Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $75,192 per employee1.
Business Information - Daycon Products Company, Inc in Upper Marlboro, MD
16001 Trade Zone Avenue
Upper Marlboro, MD 20774
Service Establishment Equipment and Supplies Merchant Wholesalers (NAICS code 423850)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-04
Similar Companies near Upper Marlboro
In the Upper Marlboro area, 2 businesses in the "Service Establishment Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 174) and received an average PPP loan of $1,433,750 (compared to this company's $2.73M).
Similar Nearby Businesses Who Received PPP Funding:
Hynes & Waller Inc
Upper Marlboro, MD
Industry PPP Comparison Statistics
Nationwide, 2,665 businesses in the "Service Establishment Equipment and Supplies Merchant Wholesalers" industry received a total of $311,523,364.00 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 10 employees, 94% lower than Daycon Products Company, Inc's reported 174 employees, and received an average PPP loan of $116,894, 96% lower than this company's loan of $2.73M.
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.
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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