PPP Loan Data — Mark Mcfadden, Washington, DC
Entity: Sole Proprietorship
Location: Washington, DCTweet This • Search All PPP Data
Mark Mcfadden is a sole proprietorship located at 1155 23rd Street Nw, Apt Ph2c in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $22,112.00 in April, 2020.
$ PPP Loan Information
Lender:CHAIN BRIDGE BANK, NATIONAL ASSOCIATION
Mark Mcfadden received a Paycheck Protection Loan of $22,112 through CHAIN BRIDGE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mark Mcfadden's total 2019 payroll expenses were approximately $106,138 in order to qualify for the PPP loan amount received.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $21,228 per employee1.
Business Information - Mark Mcfadden in Washington, DC
1155 23rd Street Nw, Apt Ph2c
Washington, DC 20037
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: DC-
Similar Companies near Washington
In the Washington area, 41 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 5) and received an average PPP loan of $426,265 (compared to this company's $22,112).
Similar Nearby Businesses Who Received PPP Funding:
Healthy Markets Association
Audubon Enterprises, LLC
Association Management Strategies, Inc
T.H. Bender And Partners, Inc
Andean Consulting Solutions International, LLC
CHP Mintz LLC
AGB Search LLC
Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 20% higher than Mark Mcfadden's reported 5 employees, and received an average PPP loan of $86,242, 290% higher than this company's loan of $22,112.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!