PPP Loan Data — Pagatha Solutions LLC, Perry Hall, MD
Pagatha Solutions LLC is a limited liability company (LLC) located at 9415 Georgia Belle Drive in Perry Hall, Maryland that received a Coronavirus-related PPP loan from the SBA of $46,255.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Pagatha Solutions LLC in Perry Hall, MD received a Paycheck Protection Loan of $46,255 through WebBank, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Pagatha Solutions LLC's 2019 payroll expenses are estimated to be at least $222,024.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,202 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pagatha Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,255
Business Information - Pagatha Solutions LLC in Perry Hall, MD
9415 Georgia Belle Drive
Perry Hall, MD 21128
Other Warehousing and Storage
NAICS code 493190
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,621 businesses in the "Other Warehousing and Storage" industry received a total of $151.97M 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 10 employees, the same amount reported by Pagatha Solutions LLC and received an average PPP loan of $93,749, 103% higher than this company's loan of $46,255.
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Footnotes & Information
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