PPP Loan Data — Mid Atlantic Professionals, Inc, Germantown, MD
Mid Atlantic Professionals, Inc
Location: Germantown, MDTweet This • Search All PPP Data
Mid Atlantic Professionals, Inc is a corporation located at 20400 Observation Dr Suite 204 in Germantown, Maryland that received a Coronavirus-related PPP loan from the SBA of $1,575,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Mid Atlantic Professionals, Inc in Germantown, MD received a Paycheck Protection Loan of $1.58M through United 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, Mid Atlantic Professionals, Inc's 2019 payroll expenses are estimated to be at least $7.56M.
Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $34,521 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mid Atlantic Professionals, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,575,000
Business Information - Mid Atlantic Professionals, Inc in Germantown, MD
20400 Observation Dr Suite 204
Germantown, MD 20876
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Germantown
In the Germantown area, 26 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 219) and received an average PPP loan of $183,907 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Havilah Investments, LLC
Lessa Consulting LLC
Stack It Solutions
Tarrisson Consulting Inc
Whitman Consulting LLC
Community Science Inc
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 98% lower than Mid Atlantic Professionals, Inc's reported 219 employees, and received an average PPP loan of $58,139, 96% lower than this company's loan of $1.58M.
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Footnotes & Information
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