PPP Loan Data — Nkeng Sons, Bowie, MD
Nkeng Sons is a sole proprietorship located at P.o Box 29 , Bowie, Md, 20719 in Bowie, Maryland that received a Coronavirus-related PPP loan from the SBA of $46,550.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Nkeng Sons in Bowie, MD received a Paycheck Protection Loan of $46,550 through MBE Capital Partners, which was approved in June, 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, Nkeng Sons' 2019 payroll expenses are estimated to be at least $223,440.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,313 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nkeng Sons reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,550
Business Information - Nkeng Sons in Bowie, MD
P.o Box 29 , Bowie, Md, 20719
Bowie, MD 20719
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 27% lower than Nkeng Sons' reported 11 employees, and received an average PPP loan of $70,456, 51% higher than this company's loan of $46,550.
FederalPay's PPP Information Policy
Footnotes & Information
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