PPP Loan Data — Mama This, Inc, Edgewater, MD
Mama This, Inc is a corporation located at 3885 Cotter Dr in Edgewater, Maryland that received a Coronavirus-related PPP loan from the SBA of $24,981.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fulton Bank, National Association
Mama This, Inc in Edgewater, MD received a Paycheck Protection Loan of $24,981 through Fulton 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, Mama This, Inc's 2019 payroll expenses are estimated to be at least $119,909.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,955 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mama This, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,981
Business Information - Mama This, Inc in Edgewater, MD
3885 Cotter Dr
Edgewater, MD 21037
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Edgewater
In the Edgewater area, 2 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $17,867 (compared to this company's $24,981).
Similar Nearby Businesses Who Received PPP Funding:
Griggs Association Management Inc
Industry PPP Comparison Statistics
Nationwide, 44,947 businesses in the "Office Administrative Services" industry received a total of $2.36B 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 6 employees, 200% higher than Mama This, Inc's reported 2 employees, and received an average PPP loan of $52,468, 110% higher than this company's loan of $24,981.
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