PPP Loan Data — OM Ganesh One Inc, Abingdon, MD
OM Ganesh One Inc is a subchapter s corporation located at 39 Kensington Parkway in Abingdon, Maryland that received a Coronavirus-related PPP loan from the SBA of $1,790,875.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
OM Ganesh One Inc in Abingdon, MD received a Paycheck Protection Loan of $1.79M through Manufacturers and Traders Trust Company, which was approved in April, 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, OM Ganesh One Inc's 2019 payroll expenses are estimated to be at least $8.6M.
Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $48,293 per employee1
Reported PPP Proceed Usage:
On the PPP application, OM Ganesh One Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,297,159
- Utilities: $98,487
- Rent: $349,229
- Health Care: $46,000
Business Information - OM Ganesh One Inc in Abingdon, MD
39 Kensington Parkway
Abingdon, MD 21009
NAICS code 517911
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,030 businesses in the "Telecommunications Resellers" industry received a total of $444.12M 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 13 employees, 93% lower than OM Ganesh One Inc's reported 178 employees, and received an average PPP loan of $146,573, 92% lower than this company's loan of $1.79M.
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Footnotes & Information
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