PPP Loan Data — Drew S. Olden, Keedysville, MD
Drew S. Olden is a limited liability company (LLC) located at 19733 Dogstreet Rd in Keedysville, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,134.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Middletown Valley Bank
Drew S. Olden in Keedysville, MD received a Paycheck Protection Loan of $25,134 through Middletown Valley Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Drew S. Olden's 2019 payroll expenses are estimated to be at least $120,643.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,214 per employee1
Reported PPP Proceed Usage:
On the PPP application, Drew S. Olden reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,134
Business Information - Drew S. Olden in Keedysville, MD
19733 Dogstreet Rd
Keedysville, MD 21756
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Keedysville
In the Keedysville area, 5 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 3) and received an average PPP loan of $12,859 (compared to this company's $25,134).
Similar Nearby Businesses Who Received PPP Funding:
Architectural Built-INS Inc
Sungate Unlimited Inc
Morningstars Lawn Care LLC
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 167% higher than Drew S. Olden's reported 3 employees, and received an average PPP loan of $86,076, 242% higher than this company's loan of $25,134.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!