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PPP Loan Data — H&H Child Care Training Center LLC, Gaithersburg, MD

SBA PPP loan data, payroll data, and salaries for H&H Child Care Training Center LLC
MD

H&H Child Care Training Center LLC

Entity: Limited Liability Company (LLC)

Industry: Educational Support Services

Location: Gaithersburg, MD

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H&H Child Care Training Center LLC is a limited liability company (LLC) located at 839 Quince Orchard Blvd in Gaithersburg, Maryland that received a Coronavirus-related PPP loan from the SBA of $14,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$14,500

Jobs Retained:

5

Loan Approved:

2020-04-10

Lender:

SANDY SPRING BANK

H&H Child Care Training Center LLC received a Paycheck Protection Loan of $14,500 through SANDY SPRING BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, H&H Child Care Training Center LLC's total 2019 payroll expenses were approximately $69,600 in order to qualify for the PPP loan amount received.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $13,920 per employee1.

Business Information - H&H Child Care Training Center LLC in Gaithersburg, MD

H&H Child Care Training Center LLC
839 Quince Orchard Blvd
Gaithersburg, MD 20878

Business Industry

Educational Support Services (NAICS code 611710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-06

Similar Companies near Gaithersburg

In the Gaithersburg area, 14 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 5) and received an average PPP loan of $213,490 (compared to this company's $14,500).

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, 80% higher than H&H Child Care Training Center LLC's reported 5 employees, and received an average PPP loan of $95,025, 555% higher than this company's loan of $14,500.

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.

Search FederalPay's Full PPP Loan Database

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/h-and-h-child-care-training-center-llc-gaithersburg-md