PPP Loan Data — EV-Air- Tight, Shoemaker, Inc., Hyattsville, MD
EV-Air- Tight, Shoemaker, Inc.
Location: Hyattsville, MDTweet This • Search All PPP Data
EV-Air- Tight, Shoemaker, Inc. is a corporation located at 8516 Rainswood Drive in Hyattsville, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,506,322.00 in April, 2020.
$ PPP Loan Information
Lender:SANDY SPRING BANK
EV-Air- Tight, Shoemaker, Inc. received a Paycheck Protection Loan of $2.51M through SANDY SPRING BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, EV-Air- Tight, Shoemaker, Inc.'s total 2019 payroll expenses were approximately $12.03M in order to qualify for the PPP loan amount received.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $52,306 per employee1.
Business Information - EV-Air- Tight, Shoemaker, Inc. in Hyattsville, MD
8516 Rainswood Drive
Hyattsville, MD 20785
Poured Concrete Foundation and Structure Contractors (NAICS code 238110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-04
Similar Companies near Hyattsville
In the Hyattsville area, 2 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 230) and received an average PPP loan of $1,332,409 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
Epic Concrete Inc
Industry PPP Comparison Statistics
Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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 14 employees, 94% lower than EV-Air- Tight, Shoemaker, Inc.'s reported 230 employees, and received an average PPP loan of $177,269, 93% lower than this company's loan of $2.51M.
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.
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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