PPP Loan Data — Elite Protective Services, Inc, Silver Spring, MD
Elite Protective Services, Inc is a corporation located at 11331 Amherst Avenue in Silver Spring, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,786,912.00 in April, 2020.
$ PPP Loan Information
Lender:SANDY SPRING BANK
Elite Protective Services, Inc received a Paycheck Protection Loan of $2.79M through SANDY SPRING BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Elite Protective Services, Inc's total 2019 payroll expenses were approximately $13.38M in order to qualify for the PPP loan amount received.
Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $46,288 per employee1.
Business Information - Elite Protective Services, Inc in Silver Spring, MD
11331 Amherst Avenue
Silver Spring, MD 20902
Security Guards and Patrol Services (NAICS code 561612)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-08
Similar Companies near Silver Spring
In the Silver Spring area, 3 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 289) and received an average PPP loan of $991,531 (compared to this company's $2.79M).
Similar Nearby Businesses Who Received PPP Funding:
America Protective Security LLC
Silver Spring, MD
Yarimar Sercurity Services
Silver Spring, MD
Industry PPP Comparison Statistics
Nationwide, 4,165 businesses in the "Security Guards and Patrol Services" industry received a total of $1,003,129,142.00 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 36 employees, 88% lower than Elite Protective Services, Inc's reported 289 employees, and received an average PPP loan of $240,847, 91% lower than this company's loan of $2.79M.
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Footnotes & Information
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