PPP Loan Data — Enhanced Computing Solutions LLC, Towson, MD
Enhanced Computing Solutions LLC is a limited liability company (LLC) located at 1001 Cromwell Bridge Road Suite 206 in Towson, Maryland that received a Coronavirus-related PPP loan from the SBA of $45,965.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Rosedale Federal Savings & Loan Association
Enhanced Computing Solutions LLC in Towson, MD received a Paycheck Protection Loan of $45,965 through Rosedale Federal Savings & Loan Association, which was approved in April, 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 May, 2021.
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, Enhanced Computing Solutions LLC's 2019 payroll expenses are estimated to be at least $220,632.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,158 per employee1
Reported PPP Proceed Usage:
On the PPP application, Enhanced Computing Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,965
Business Information - Enhanced Computing Solutions LLC in Towson, MD
1001 Cromwell Bridge Road Suite 206
Towson, MD 21286
Computer Facilities Management Services
NAICS code 541513
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,511 businesses in the "Computer Facilities Management Services" industry received a total of $425.97M 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 9 employees, 125% higher than Enhanced Computing Solutions LLC's reported 4 employees, and received an average PPP loan of $121,326, 164% higher than this company's loan of $45,965.
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Footnotes & Information
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