PPP Loan Data — LN, LLC, New Carrollton, MD
LN, LLC is a limited liability company (LLC) located at 8181 Professional Pl #170 in New Carrollton, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
LN, LLC in New Carrollton, MD received a Paycheck Protection Loan of $25,100 through First-Citizens Bank & Trust Company, 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, LN, LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,268 per employee1
Reported PPP Proceed Usage:
On the PPP application, LN, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - LN, LLC in New Carrollton, MD
8181 Professional Pl #170
New Carrollton, MD 20785
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near New Carrollton
In the New Carrollton area, 7 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 13) and received an average PPP loan of $214,148 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Tritech Enterprise Systems Inc
Aim Innovations, LLC
Suite 640 Landover, MD
Aim Innovations LLC
Industry PPP Comparison Statistics
Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B 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 10 employees, 23% lower than LN, LLC's reported 13 employees, and received an average PPP loan of $138,748, 453% higher than this company's loan of $25,100.
FederalPay's PPP Information Policy
Footnotes & Information
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