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PPP Loan Data — Kensington Glass Arts Inc,
Ijamsville, MD
Kensington Glass Arts Inc
Entity: Corporation
Industry: Flat Glass Manufacturing
Location: Ijamsville, MD
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Kensington Glass Arts Inc is a corporation located at 2194 Ubana Pike in Ijamsville, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,500,230.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
195Loan Approved:
2020-04-27Lender:
EAGLEBANKKensington Glass Arts Inc in Ijamsville, MD received a Paycheck Protection Loan of $2.5M through EAGLEBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kensington Glass Arts Inc's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $61,544 per employee1.
Business Information - Kensington Glass Arts Inc in Ijamsville, MD
2194 Ubana Pike
Ijamsville, MD 21754
Business Industry
Flat Glass Manufacturing (NAICS code 327211)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MD-06Industry PPP Comparison Statistics
Nationwide, 250 businesses in the "Flat Glass Manufacturing" industry received a total of $67,699,706.00 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 22 employees, 89% lower than Kensington Glass Arts Inc's reported 195 employees, and received an average PPP loan of $270,799, 89% lower than this company's loan of $2.5M.
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, and is published unmodified, as provided by the SBA.
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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