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PPP Loan Data — Delmarva Community Services Inc, Cambridge, MD

SBA PPP loan data, payroll data, and salaries for Delmarva Community Services Inc
MD Nonprofit Organization

Delmarva Community Services Inc

Entity: Non-profit Organization

Industry: Home Health Care Services

Location: Cambridge, MD

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Delmarva Community Services Inc is a non-profit organization located at 2450 Cambridge Beltway in Cambridge, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,883,900.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$3.88M

Jobs Retained:

337

Loan Approved:

2020-06-23

Lender:

THE ENTERPRISE CENTER CAPITAL CORPORATION

Delmarva Community Services Inc in Cambridge, MD received a Paycheck Protection Loan of $3.88M through THE ENTERPRISE CENTER CAPITAL CORPORATION, which was approved in June, 2020.

Based on standard PPP eligibility rules, Delmarva Community Services Inc's total 2019 payroll expenses were approximately $18.64M in order to qualify for the PPP loan amount received.

Based on their reported 337 jobs retained, this equals an estimated average yearly compensation of $55,320 per employee1.

Because the loan received by Delmarva Community Services Inc 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 - Delmarva Community Services Inc in Cambridge, MD

Delmarva Community Services Inc
2450 Cambridge Beltway
Cambridge, MD 21613

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-01

Similar Companies near Cambridge

In the Cambridge area, 2 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 191 employees (compared to this company's 337) and received an average PPP loan of $1,952,488 (compared to this company's $3.88M).

Similar Nearby Businesses Who Received PPP Funding:

Ram In The Bush Home Care Inc
Cambridge, MD

$21,076 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 34 employees, 90% lower than Delmarva Community Services Inc's reported 337 employees, and received an average PPP loan of $212,236, 95% lower than this company's loan of $3.88M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/delmarva-community-services-inc-cambridge-md