PPP Loan Data — Gifted Child Resources Inc, Gaithersburg, MD
Gifted Child Resources Inc is a corporation located at 945 Russell Ave in Gaithersburg, Maryland that received a Coronavirus-related PPP loan from the SBA of $103,725.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least sixteen people during the applicable loan loan period.
$ PPP Loan Information
Gifted Child Resources Inc received a Paycheck Protection Loan of $103,725 through CONGRESSIONAL BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Gifted Child Resources Inc's total 2019 payroll expenses were approximately $497,880 in order to qualify for the PPP loan amount received.
Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $31,118 per employee1.
Business Information - Gifted Child Resources Inc in Gaithersburg, MD
945 Russell Ave
Gaithersburg, MD 20879
Educational Support Services (NAICS code 611710)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MD-06
Similar Companies near Gaithersburg
In the Gaithersburg area, 12 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 16) and received an average PPP loan of $246,913 (compared to this company's $103,725).
Similar Nearby Businesses Who Received PPP Funding:
World Innovation Network Limited
No Tears Learning, Inc.
H&H Child Care Training Center LLC
Champ Martial Arts Academy Inc
Learning Undefeated, IncDBA Learning Undefeated
Shirley Victoria Learning LLC
Traders Reserver LLC
Industry PPP Comparison Statistics
Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 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 9 employees, 44% lower than Gifted Child Resources Inc's reported 16 employees, and received an average PPP loan of $95,025, 8% lower than this company's loan of $103,725.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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