PPP Loan Data — Paradyme Management Inc, Greenbelt, MD
Paradyme Management Inc is a subchapter s corporation located at 9111 Edmonston Rd in Greenbelt, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,155,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Paradyme Management Inc in Greenbelt, MD received a Paycheck Protection Loan of $3.16M through PNC Bank, National Association, 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, Paradyme Management Inc's 2019 payroll expenses are estimated to be at least $15.14M.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $72,114 per employee1
Reported PPP Proceed Usage:
On the PPP application, Paradyme Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,155,000
Business Information - Paradyme Management Inc in Greenbelt, MD
9111 Edmonston Rd
Greenbelt, MD 20770
Other Computer Related Services
NAICS code 541519
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Greenbelt
In the Greenbelt area, 4 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 210) and received an average PPP loan of $962,076 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
The Coleman Group Inc
AU Courant Technology
Industry PPP Comparison Statistics
Nationwide, 21,393 businesses in the "Other Computer Related Services" industry received a total of $3B 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, 95% lower than Paradyme Management Inc's reported 210 employees, and received an average PPP loan of $140,288, 96% lower than this company's loan of $3.16M.
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Footnotes & Information
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