PPP Loan Data — Maryland Wines Inc, Middle River, MD
Maryland Wines Inc is a corporation located at 601 Bowleys Quarters Rd in Middle River, Maryland that received a Coronavirus-related PPP loan from the SBA of $45,885.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Pennsylvania
Maryland Wines Inc in Middle River, MD received a Paycheck Protection Loan of $45,885 through First National Bank of Pennsylvania, which was approved in May, 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, Maryland Wines Inc's 2019 payroll expenses are estimated to be at least $220,248.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $12,956 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maryland Wines Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,885
Business Information - Maryland Wines Inc in Middle River, MD
601 Bowleys Quarters Rd
Middle River, MD 21220
Drinking Places (Alcoholic Beverages)
NAICS code 722410
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Middle River
In the Middle River area, 11 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 17) and received an average PPP loan of $16,547 (compared to this company's $45,885).
Similar Nearby Businesses Who Received PPP Funding:
RAJ Poudel Enterprises LLC
Middle River, MD
Sharons Fatties Bar And Grill Inc
Ventures Four, Inc
Middle River, MD
Industry PPP Comparison Statistics
Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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 12 employees, 29% lower than Maryland Wines Inc's reported 17 employees, and received an average PPP loan of $59,863, 30% higher than this company's loan of $45,885.
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Footnotes & Information
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