PPP Loan Data — Joseph Guy, Bushwood, MD
Joseph Guy is a sole proprietorship located at 37923 Full Pull Lane in Bushwood, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,340.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Colonial Farm Credit, ACA
Joseph Guy in Bushwood, MD received a Paycheck Protection Loan of $25,340 through Colonial Farm Credit, ACA, which was approved in January, 2021.
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, Joseph Guy's 2019 payroll expenses are estimated to be at least $121,632.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,544 per employee1
Reported PPP Proceed Usage:
On the PPP application, Joseph Guy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,340
Business Information - Joseph Guy in Bushwood, MD
37923 Full Pull Lane
Bushwood, MD 20618
NAICS code 111910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,033 businesses in the "Tobacco Farming" industry received a total of $66.55M 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 3 employees, the same amount reported by Joseph Guy and received an average PPP loan of $21,943, 13% lower than this company's loan of $25,340.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!