PPP Loan Data — Hamilton Associates Inc, Owings Mills, MD
Hamilton Associates Inc
Entity: Subchapter S Corporation
Location: Owings Mills, MDTweet This • Search All PPP Data
Hamilton Associates Inc is a subchapter s corporation located at 11403 Cronridge Dr in Owings Mills, Maryland that received a Coronavirus-related PPP loan from the SBA of $1,547,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Hamilton Associates Inc in Owings Mills, MD received a Paycheck Protection Loan of $1.55M through PNC Bank, National Association, which was approved in April, 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, Hamilton Associates Inc's 2019 payroll expenses are estimated to be at least $7.43M.
Based on their reported 90 jobs retained, this equals an estimated average yearly compensation of $82,507 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hamilton Associates Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,547,000
Business Information - Hamilton Associates Inc in Owings Mills, MD
11403 Cronridge Dr
Owings Mills, MD 21117
Other Measuring and Controlling Device Manufacturing
NAICS code 334519
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,070 businesses in the "Other Measuring and Controlling Device Manufacturing" industry received a total of $254.04M 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 17 employees, 81% lower than Hamilton Associates Inc's reported 90 employees, and received an average PPP loan of $237,417, 85% lower than this company's loan of $1.55M.
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Footnotes & Information
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