PPP Loan Data — George R Norris Inc, Dundalk, MD
George R Norris Inc is a corporation located at 901 Merritt Blvd in Dundalk, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,588,648.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
George R Norris Inc in Dundalk, MD received a Paycheck Protection Loan of $4.59M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, George R Norris Inc's total 2019 payroll expenses were approximately $22.03M in order to qualify for the PPP loan amount received.
Based on their reported 387 jobs retained, this equals an estimated average yearly compensation of $56,913 per employee1.
Business Information - George R Norris Inc in Dundalk, MD
901 Merritt Blvd
Dundalk, MD 21222
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-02
Similar Companies near Dundalk
In the Dundalk area, 3 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 185 employees (compared to this company's 387) and received an average PPP loan of $2,200,131 (compared to this company's $4.59M).
Similar Nearby Businesses Who Received PPP Funding:
ARM Motors, Inc.
Thompson Automotive Of Dundalk, Inc.
Industry PPP Comparison Statistics
Nationwide, 16,570 businesses in the "New Car Dealers" industry received a total of $10,869,996,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 47 employees, 88% lower than George R Norris Inc's reported 387 employees, and received an average PPP loan of $656,005, 86% lower than this company's loan of $4.59M.
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Footnotes & Information
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