PPP Loan Data — Equestrian Sports And Promotion, Brookeville, MD
Equestrian Sports And Promotion is a limited liability company (LLC) located at 3510 Elton Farm Road in Brookeville, Maryland that received a Coronavirus-related PPP loan from the SBA of $46,485.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Equestrian Sports And Promotion in Brookeville, MD received a Paycheck Protection Loan of $46,485 through Wells Fargo Bank, National Association, which was approved in May, 2020.
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, Equestrian Sports And Promotion's 2019 payroll expenses are estimated to be at least $223,128.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,782 per employee1
Reported PPP Proceed Usage:
On the PPP application, Equestrian Sports And Promotion reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,485
Business Information - Equestrian Sports And Promotion in Brookeville, MD
3510 Elton Farm Road
Brookeville, MD 20833
Support Activities for Animal Production
NAICS code 115210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brookeville
In the Brookeville area, 2 businesses in the "Support Activities for Animal Production" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $65,216 (compared to this company's $46,485).
Similar Nearby Businesses Who Received PPP Funding:
Rolling Acres Show Stables, Inc
Industry PPP Comparison Statistics
Nationwide, 9,151 businesses in the "Support Activities for Animal Production" industry received a total of $283.4M 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 4 employees, the same amount reported by Equestrian Sports And Promotion and received an average PPP loan of $30,970, 33% lower than this company's loan of $46,485.
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Footnotes & Information
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