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PPP Loan Data — Montgomery Hospice,
Rockville, MD
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:
Jobs Retained:
317Loan Approved:
2020-04-29Lender:
SANDY SPRING BANKMontgomery 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.
Business Information - Montgomery Hospice in Rockville, MD
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-08Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Solace Pain Management & Rehabilitation LLC
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Madison Dental LLC
Rockville, MD
Independent Contractor, Ruijin Yao
Rockville, MD
King Farm Robel, Inc.
Rockville, MD
Metro Microgreens
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Indoor Range Operating Company LLC
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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.
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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