PPP Loan Data — Orlo Gaithersburg LLC, Laurel, MD
Orlo Gaithersburg LLC is a limited liability company (LLC) located at 711 Gorman Ave in Laurel, Maryland that received a Coronavirus-related PPP loan from the SBA of $130,288.00 in April, 2020.
$ PPP Loan Information
Lender:SANDY SPRING BANK
Orlo Gaithersburg LLC received a Paycheck Protection Loan of $130,288 through SANDY SPRING BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Orlo Gaithersburg LLC's total 2019 payroll expenses were approximately $625,382 in order to qualify for the PPP loan amount received.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $52,115 per employee1.
Business Information - Orlo Gaithersburg LLC in Laurel, MD
711 Gorman Ave
Laurel, MD 20707
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-04
Similar Companies near Laurel
In the Laurel area, 10 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 12) and received an average PPP loan of $340,705 (compared to this company's $130,288).
Similar Nearby Businesses Who Received PPP Funding:
Rogal Real Estate, Inc.
Charles Tini & Associates Inc.
ETS Consultants LLC
439 Grand LLC
Steadfast Management, LLC
D.H. Bader Management Services, Inc.
The Commercial Management Group, Inc.
Rufai One Investments
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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 10 employees, 17% lower than Orlo Gaithersburg LLC's reported 12 employees, and received an average PPP loan of $114,517, 12% lower than this company's loan of $130,288.
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.
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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