PPP Loan Data — Maximum Office Solutions Inc, Columbia, MD
Maximum Office Solutions Inc is a corporation located at 6751 Columbia Gateway Dr Ste 300 in Columbia, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,235.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Maximum Office Solutions Inc in Columbia, MD received a Paycheck Protection Loan of $25,235 through Bank of America, National Association, 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, Maximum Office Solutions Inc's 2019 payroll expenses are estimated to be at least $121,128.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,376 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maximum Office Solutions Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,235
Business Information - Maximum Office Solutions Inc in Columbia, MD
6751 Columbia Gateway Dr Ste 300
Columbia, MD 21046
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Columbia
In the Columbia area, 2 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $24,099 (compared to this company's $25,235).
Similar Nearby Businesses Who Received PPP Funding:
Recruitment Partners LLC
Industry PPP Comparison Statistics
Nationwide, 12,601 businesses in the "Employment Placement Agencies" industry received a total of $3.48B 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 35 employees, 1067% higher than Maximum Office Solutions Inc's reported 3 employees, and received an average PPP loan of $275,915, 993% higher than this company's loan of $25,235.
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