Ofab LLC in Owings Mills, MD - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Ofab LLC, Owings Mills, MD

Ofab LLC

Entity: Limited Liability Company (LLC)

Industry: Other Accounting Services

Location: Owings Mills, MD

Ofab LLC is a limited liability company (LLC) located in Owings Mills, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,539.00 in February, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8731988405

Loan Size:

$4,539

Jobs Retained:

Loan Approved:

2021-02-13

Loan Status:

Ongoing Loan

Lender:

Howard Bank

Ofab LLC in Owings Mills, MD received a Paycheck Protection Loan of $4,539 through Howard Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Ofab LLC reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $4,537
Utilities: $1

Business Information - Ofab LLC in Owings Mills, MD

Ofab LLC
Owings Mills, MD
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Accounting Services
NAICS code 541219

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Baltimore County, MD — SBA Office 0373 — Congressional District: MD-02

Similar Companies near Owings Mills

In the Owings Mills area, 22 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $102,656 (compared to this company's $4,539).

Similar Nearby Businesses Who Received PPP Funding:

Veney Financial Group LLC
Owings Mills, MD

$28,115 PPP Loan

Precise Billing Services LLC
Owings Mills, MD

$20,833 PPP Loan

Michael Brown
Owings Mills, MD

$17,156 PPP Loan

T Kevin Hughes
Owings Mills, MD

$30,020 PPP Loan

Dana B Herrmann
Owings Mills, MD

$12,600 PPP Loan

Professional Accounting Center
Owings Mills, MD

$21,612 PPP Loan

Stable Solutions LLC
Owings Mills, MD

$2,698 PPP Loan

Polina Gavril
Owings Mills, MD

$7,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 63,711 businesses in the "Other Accounting Services" industry received a total of $2.02B 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 3 employees, 200% higher than Ofab LLC's reported 1 employees, and received an average PPP loan of $31,751, 600% higher than this company's loan of $4,539.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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