PPP Loan Data — Mele Associates, Inc., Rockville, MD
Mele Associates, Inc. is a corporation located at 11 Taft Court in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,534,080.00 in April, 2020.
$ PPP Loan Information
Lender:SANDY SPRING BANK
Mele Associates, Inc. received a Paycheck Protection Loan of $2.53M through SANDY SPRING BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mele Associates, Inc.'s total 2019 payroll expenses were approximately $12.16M in order to qualify for the PPP loan amount received.
Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $76,022 per employee1.
Business Information - Mele Associates, Inc. in Rockville, MD
11 Taft Court
Rockville, MD 20850
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-08
Similar Companies near Rockville
In the Rockville area, 25 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 160) and received an average PPP loan of $857,295 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
Recurrent Innovative Solutions, LLC
Potomac-Hudson Engineering, Inc.
Alpha Sieger Inc
Supinf Technologies, LLC
Johns & Bhatia Engineering Consultant
Meyer Consulting Esop
Preferred Computing Resources Inc
Redline Performance Solutions, LLC
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 91% lower than Mele Associates, Inc.'s reported 160 employees, and received an average PPP loan of $249,856, 90% lower than this company's loan of $2.53M.
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