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PPP Loan Data — Emjay Construction Co Inc, Gwynn Oak, MD

SBA PPP loan data, payroll data, and salaries for Emjay Construction Co Inc
MD

Emjay Construction Co Inc

Entity: Subchapter S Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Gwynn Oak, MD

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Emjay Construction Co Inc is a subchapter s corporation located at 1706 Whitehead Rd in Gwynn Oak, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,934,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.93M

Jobs Retained:

180

Loan Approved:

2020-04-11

Lender:

PNC BANK, NATIONAL ASSOCIATION

Emjay Construction Co Inc received a Paycheck Protection Loan of $2.93M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Emjay Construction Co Inc's total 2019 payroll expenses were approximately $14.08M in order to qualify for the PPP loan amount received.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $78,243 per employee1.

Because the loan received by Emjay Construction Co 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 - Emjay Construction Co Inc in Gwynn Oak, MD

Emjay Construction Co Inc
1706 Whitehead Rd
Gwynn Oak, MD 21207

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-07

Similar Companies near Gwynn Oak

In the Gwynn Oak area, 15 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 180) and received an average PPP loan of $333,319 (compared to this company's $2.93M).

Industry PPP Comparison Statistics

Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 94% lower than Emjay Construction Co Inc's reported 180 employees, and received an average PPP loan of $154,981, 95% lower than this company's loan of $2.93M.

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.

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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/emjay-construction-co-inc-gwynn-oak-md