PPP Loan Data — Maury Donnelly & Parr Inc, Baltimore, MD
Maury Donnelly & Parr Inc is a subchapter s corporation located at 24 Commerce St in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $1,589,372.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Maury Donnelly & Parr Inc in Baltimore, MD received a Paycheck Protection Loan of $1.59M through Howard Bank, 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, Maury Donnelly & Parr Inc's 2019 payroll expenses are estimated to be at least $7.63M.
Based on their reported 108 jobs retained, this equals an estimated average yearly compensation of $70,639 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maury Donnelly & Parr Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,589,372
Business Information - Maury Donnelly & Parr Inc in Baltimore, MD
24 Commerce St
Baltimore, MD 21202
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 23 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 108) and received an average PPP loan of $218,934 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Medchi Insurance Agency Inc
Parallel Risk Advisors, LLC
Jason R Hnat & Associates
Initiative Financial Solutions LLC
J. Richard Thomas, Jr
Complete Planning Services, Inc
Quantum Resource Group Inc
HK Insurance Group Inc
Industry PPP Comparison Statistics
Nationwide, 149,532 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.87B 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 4 employees, 96% lower than Maury Donnelly & Parr Inc's reported 108 employees, and received an average PPP loan of $39,254, 98% lower than this company's loan of $1.59M.
FederalPay's PPP Information Policy
Footnotes & Information
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