PPP Loan Data — Geonova Enterprises, LLC, Mount Airy, MD
Geonova Enterprises, LLC is a limited liability company (LLC) located at 9255 Brown Church Rd in Mount Airy, Maryland that received a Coronavirus-related PPP loan from the SBA of $24,815.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Geonova Enterprises, LLC in Mount Airy, MD received a Paycheck Protection Loan of $24,815 through Quontic Bank, which was approved in July, 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, Geonova Enterprises, LLC's 2019 payroll expenses are estimated to be at least $119,112.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,235 per employee1
Reported PPP Proceed Usage:
On the PPP application, Geonova Enterprises, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,815
Business Information - Geonova Enterprises, LLC in Mount Airy, MD
9255 Brown Church Rd
Mount Airy, MD 21771
NAICS code 445210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,261 businesses in the "Meat Markets" industry received a total of $247.79M 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 10 employees, 11% higher than Geonova Enterprises, LLC's reported 9 employees, and received an average PPP loan of $58,154, 134% higher than this company's loan of $24,815.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!