PPP Loan Data — Ferguson Trenching Co Inc, Odenton, MD
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
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.
Business Information - Ferguson Trenching Co Inc in Odenton, MD
1405 Odenton Rd
Odenton, MD 21113
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
RBC Professionals, Inc.
Bradleigh Applications Inc
FTC Aggregate Supply LLC
Danny Joe Construction, LLC
Delmarva Site Development, Inc.
Value Dry LLC
Xpress Concrete Inc
Fain-Padgett Insulation Inc
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.
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