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PPP Loan Data — George Hepburn, Severna Park, MD

SBA PPP loan data, payroll data, and salaries for George Hepburn
MD

George Hepburn

Entity: Corporation

Industry: All Other Health and Personal Care Stores

Location: Severna Park, MD

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George Hepburn is a corporation located at 770 Ritchie Hwy in Severna Park, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,690,527.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 290 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.69M

Jobs Retained:

290

Loan Approved:

2020-04-09

Lender:

SANDY SPRING BANK

George Hepburn in Severna Park, MD received a Paycheck Protection Loan of $3.69M through SANDY SPRING BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, George Hepburn's total 2019 payroll expenses were approximately $17.71M in order to qualify for the PPP loan amount received.

Based on their reported 290 jobs retained, this equals an estimated average yearly compensation of $61,085 per employee1.

Because the loan received by George Hepburn 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 - George Hepburn in Severna Park, MD

George Hepburn
770 Ritchie Hwy
Severna Park, MD 21146

Business Industry

All Other Health and Personal Care Stores (NAICS code 446199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MD-04

Similar Companies near Severna Park

In the Severna Park area, 3 businesses in the "All Other Health and Personal Care Stores" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 290) and received an average PPP loan of $1,276,191 (compared to this company's $3.69M).

Industry PPP Comparison Statistics

Nationwide, 5,159 businesses in the "All Other Health and Personal Care Stores" industry received a total of $342,344,081.00 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 7 employees, 98% lower than George Hepburn's reported 290 employees, and received an average PPP loan of $66,359, 98% lower than this company's loan of $3.69M.

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/george-hepburn-severna-park-md