PPP Loan Data — Enow Nsemanyu, LLC, New Market, MD
Enow Nsemanyu, LLC
Entity: Sole Proprietorship
Location: New Market, MDTweet This • Search All PPP Data
Enow Nsemanyu, LLC is a sole proprietorship located at 11292 Panorama Dr in New Market, Maryland that received a Coronavirus-related PPP loan from the SBA of $24,830.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Enow Nsemanyu, LLC in New Market, MD received a Paycheck Protection Loan of $24,830 through WebBank, which was approved in June, 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, Enow Nsemanyu, LLC's 2019 payroll expenses are estimated to be at least $119,184.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,728 per employee1
Reported PPP Proceed Usage:
On the PPP application, Enow Nsemanyu, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,830
Business Information - Enow Nsemanyu, LLC in New Market, MD
11292 Panorama Dr
New Market, MD 21774
Biological Product (except Diagnostic) Manufacturing
NAICS code 325414
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 309 businesses in the "Biological Product (except Diagnostic) Manufacturing" industry received a total of $72.61M 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 18 employees, 500% higher than Enow Nsemanyu, LLC's reported 3 employees, and received an average PPP loan of $234,988, 846% higher than this company's loan of $24,830.
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Footnotes & Information
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