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PPP Loan Data — Ferguson Trenching Co Inc, Odenton, MD

SBA PPP loan data, payroll data, and salaries for Ferguson Trenching Co Inc
MD

Ferguson Trenching Co Inc

Entity: Subchapter S Corporation

Industry: All Other Specialty Trade Contractors

Location: Odenton, MD

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Ferguson Trenching Co Inc is a subchapter s corporation located at 1405 Odenton Rd in Odenton, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,264,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.26M

Jobs Retained:

200

Loan Approved:

2020-04-09

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Ferguson Trenching Co Inc in Odenton, MD received a Paycheck Protection Loan of $3.26M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ferguson Trenching Co Inc's total 2019 payroll expenses were approximately $15.67M in order to qualify for the PPP loan amount received.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $78,350 per employee1.

Because the loan received by Ferguson Trenching 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 - Ferguson Trenching Co Inc in Odenton, MD

Ferguson Trenching Co Inc
1405 Odenton Rd
Odenton, MD 21113

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-03

Similar Companies near Odenton

In the Odenton area, 11 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 200) and received an average PPP loan of $737,301 (compared to this company's $3.26M).

Industry PPP Comparison Statistics

Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 96% lower than Ferguson Trenching Co Inc's reported 200 employees, and received an average PPP loan of $113,959, 97% lower than this company's loan of $3.26M.

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, 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/ferguson-trenching-co-inc-odenton-md