PPP Loan Data — Eddie's Cleaning Services LLC, Crofton, MD
Eddie's Cleaning Services LLC is a limited liability company (LLC) located at 1940 Cambridge Dr in Crofton, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,331.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Eddie's Cleaning Services LLC in Crofton, MD received a Paycheck Protection Loan of $25,331 through Bank of America, National Association, which was approved in May, 2020.
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
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, Eddie's Cleaning Services LLC's 2019 payroll expenses are estimated to be at least $121,589.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,318 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eddie's Cleaning Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,331
Business Information - Eddie's Cleaning Services LLC in Crofton, MD
1940 Cambridge Dr
Crofton, MD 21114
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Crofton
In the Crofton area, 3 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $56,706 (compared to this company's $25,331).
Similar Nearby Businesses Who Received PPP Funding:
Easy Hauling Services LLC
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 40% higher than Eddie's Cleaning Services LLC's reported 5 employees, and received an average PPP loan of $45,205, 78% higher than this company's loan of $25,331.
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Footnotes & Information
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