PPP Loan Data — Me Strategies LLC, Bethesda, MD
Me Strategies LLC is a limited liability company (LLC) located at 8100 Fenway Rd in Bethesda, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Me Strategies LLC in Bethesda, MD received a Paycheck Protection Loan of $25,000 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, Me Strategies LLC's 2019 payroll expenses are estimated to be at least $120,000.
Reported PPP Proceed Usage:
On the PPP application, Me Strategies LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Me Strategies LLC in Bethesda, MD
8100 Fenway Rd
Bethesda, MD 20817
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bethesda
In the Bethesda area, 34 businesses in the "All Other Personal 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 $23,516 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Thomas Manion Aia Architect PC
Synergy Health Center Inc
Prestige Sumner Place LLC
Physical Education 101
Jennifer Beller Freelander
Shooting Stars LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 50% higher than Me Strategies LLC's reported 2 employees, and received an average PPP loan of $23,676, 5% lower than this company's loan of $25,000.
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Footnotes & Information
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