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PPP Loan Data — Montgomery Hospice, Rockville, MD

SBA PPP loan data, payroll data, and salaries for Montgomery Hospice
MD Nonprofit Organization

Montgomery Hospice

Entity: Non-profit Organization

Industry: All Other Miscellaneous Crop Farming

Location: Rockville, MD

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Montgomery Hospice is a non-profit organization located at 1355 Piccard Drive, Suite 100 in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,900,300.00 in April, 2020.

The company has reported itself as a Black or african american owned non-profit, and employed at least 317 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.9M

Jobs Retained:

317

Loan Approved:

2020-04-29

Lender:

SANDY SPRING BANK

Montgomery Hospice in Rockville, MD received a Paycheck Protection Loan of $3.9M through SANDY SPRING BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Montgomery Hospice's total 2019 payroll expenses were approximately $18.72M in order to qualify for the PPP loan amount received.

Based on their reported 317 jobs retained, this equals an estimated average yearly compensation of $59,058 per employee1.

Because the loan received by Montgomery Hospice is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Montgomery Hospice in Rockville, MD

Montgomery Hospice
1355 Piccard Drive, Suite 100
Rockville, MD 20850

Business Industry

All Other Miscellaneous Crop Farming (NAICS code 111998)

Business Owner Demographics

Race / Ethnicity: BLACK OR AFRICAN AMERICAN

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-08

Similar Companies near Rockville

In the Rockville area, 7 businesses in the "All Other Miscellaneous Crop Farming" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 317) and received an average PPP loan of $578,873 (compared to this company's $3.9M).

Industry PPP Comparison Statistics

Nationwide, 13,220 businesses in the "All Other Miscellaneous Crop Farming" industry received a total of $758,336,902.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 97% lower than Montgomery Hospice's reported 317 employees, and received an average PPP loan of $57,363, 99% lower than this company's loan of $3.9M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/montgomery-hospice-rockville-md