PPP Loan Data — Homesnap Inc, Bethesda, MD
Homesnap Inc is a corporation located at 7200 Wisconsin Ave Ste 200 in Bethesda, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,348,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Coastal Community Bank
Homesnap Inc in Bethesda, MD received a Paycheck Protection Loan of $2.35M through Coastal Community Bank, 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, Homesnap Inc's 2019 payroll expenses are estimated to be at least $11.27M.
Based on their reported 138 jobs retained, this equals an estimated average yearly compensation of $81,697 per employee1
Reported PPP Proceed Usage:
On the PPP application, Homesnap Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,348,800
Business Information - Homesnap Inc in Bethesda, MD
7200 Wisconsin Ave Ste 200
Bethesda, MD 20814
Facilities Support Services
NAICS code 561210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bethesda
In the Bethesda area, 4 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 138) and received an average PPP loan of $1,044,883 (compared to this company's $2.35M).
Similar Nearby Businesses Who Received PPP Funding:
Chevy Chase, MD
Martek Global Services, Inc
Industry PPP Comparison Statistics
Nationwide, 5,275 businesses in the "Facilities Support Services" industry received a total of $630.92M 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 13 employees, 91% lower than Homesnap Inc's reported 138 employees, and received an average PPP loan of $119,606, 95% lower than this company's loan of $2.35M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!