PPP Loan Data — Montgomery Hospice, Rockville, MD
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
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.
Business Information - Montgomery Hospice in Rockville, MD
1355 Piccard Drive, Suite 100
Rockville, MD 20850
All Other Miscellaneous Crop Farming (NAICS code 111998)
Business Owner Demographics
Race / Ethnicity: BLACK OR AFRICAN AMERICAN
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Solace Pain Management & Rehabilitation LLC
Madison Dental LLC
Independent Contractor, Ruijin Yao
King Farm Robel, Inc.
Indoor Range Operating Company LLC
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.
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