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PPP Loan Data — Delmarva Community Services Inc,
Cambridge, MD
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 $1,984,433.00 in March, 2021.
$
PPP Loan Information
Loan #5466108600
Loan Size:
Jobs Retained:
275Loan Approved:
2021-03-20Loan Status:
Ongoing LoanLender:
The Enterprise Center Capital CorporationDelmarva Community Services Inc in Cambridge, MD received a Paycheck Protection Loan of $1.98M through The Enterprise Center Capital Corporation, which was approved in March, 2021.
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 MoreUnderstanding 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 MoreBased 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, Delmarva Community Services Inc's 2019 payroll expenses are estimated to be at least $9.53M.
Based on their reported 275 jobs retained, this equals an estimated average yearly compensation of $34,637 per employee1
Reported PPP Proceed Usage:
On the PPP application, Delmarva Community Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,984,433
Business Information - Delmarva Community Services Inc in Cambridge, MD
2450 Cambridge Beltway
Cambridge, MD 21613
Business Industry:
Home Health Care Services
NAICS code 621610
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: Y
HUBZone: Y
Rural / Urban: Rural
Similar Companies near Cambridge
In the Cambridge area, 14 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 275) and received an average PPP loan of $434,747 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
Ram In The Bush Home Care Inc
Cambridge, MD
Kevin Watkins
Cambridge, MD
Joe Collins Jr
Cambridge, MD
Dion Camper
Cambridge, MD
Jennifer Benjamin Wingate
Cambridge, MD
Sharnice Harris
Cambridge, MD
Marshawn Pinder
Cambridge, MD
Tanna Haynes
Cambridge, MD
Industry PPP Comparison Statistics
Nationwide, 87,561 businesses in the "Home Health Care Services" industry received a total of $7.57B 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 16 employees, 94% lower than Delmarva Community Services Inc's reported 275 employees, and received an average PPP loan of $86,411, 96% lower than this company's loan of $1.98M.
Delmarva Community Services Inc
Entity: Non-profit Organization
Industry: Home Health Care Services
Location: Cambridge, MD
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•
Search All PPP Data
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 #1921128001
Loan Size:
Jobs Retained:
337Loan Approved:
2020-06-23Loan Status:
Paid in Full or ForgivenLender:
The Enterprise Center Capital CorporationDelmarva 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.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.
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 MoreUnderstanding 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 MoreBased 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, Delmarva Community Services Inc's 2019 payroll expenses are estimated to be at least $18.64M.
Based on their reported 337 jobs retained, this equals an estimated average yearly compensation of $55,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Delmarva Community Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,883,900
Business Information - Delmarva Community Services Inc in Cambridge, MD
2450 Cambridge Beltway
Cambridge, MD 21613
Business Industry:
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: Y
HUBZone: Y
Rural / Urban: Rural
Similar Companies near Cambridge
In the Cambridge area, 14 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 337) and received an average PPP loan of $434,747 (compared to this company's $3.88M).
Similar Nearby Businesses Who Received PPP Funding:
Ram In The Bush Home Care Inc
Cambridge, MD
Kevin Watkins
Cambridge, MD
Joe Collins Jr
Cambridge, MD
Dion Camper
Cambridge, MD
Jennifer Benjamin Wingate
Cambridge, MD
Sharnice Harris
Cambridge, MD
Marshawn Pinder
Cambridge, MD
Tanna Haynes
Cambridge, MD
Industry PPP Comparison Statistics
Nationwide, 87,561 businesses in the "Home Health Care Services" industry received a total of $7.57B 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 16 employees, 95% lower than Delmarva Community Services Inc's reported 337 employees, and received an average PPP loan of $86,411, 98% 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, 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.
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.
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