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PPP Loan Data — Pella Mid-Atlantic Inc,
Beltsville, MD
Pella Mid-Atlantic Inc
Entity: Corporation
Industry: All Other Specialty Trade Contractors
Location: Beltsville, MD
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Pella Mid-Atlantic Inc is a corporation located at 12100 Baltimore Ave in Beltsville, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,967,932.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
214Loan Approved:
2020-04-07Lender:
MERCANTILE BANK OF MICHIGANPella Mid-Atlantic Inc in Beltsville, MD received a Paycheck Protection Loan of $2.97M through MERCANTILE BANK OF MICHIGAN, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pella Mid-Atlantic Inc's total 2019 payroll expenses were approximately $14.25M in order to qualify for the PPP loan amount received.
Based on their reported 214 jobs retained, this equals an estimated average yearly compensation of $66,570 per employee1.
Business Information - Pella Mid-Atlantic Inc in Beltsville, MD
12100 Baltimore Ave
Beltsville, MD 20705
Business Industry
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MD-05Similar Companies near Beltsville
In the Beltsville area, 9 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 214) and received an average PPP loan of $499,282 (compared to this company's $2.97M).
Similar Nearby Businesses Who Received PPP Funding:
Franco And Brothers Contractors, Inc
Beltsville, MD
Samayoa Contractors, Inc.
Lanham, MD
PCM Landscape LLC
Beltsville, MD
Ruby Ivy Consulting LLC Formerly Marsh Mitchell & Huie
Lanham, MD
VMP Construction Company, Inc
Lanham, MD
Smith & Smith, LLC
Lanham, MD
National Custom Millwork
Beltsville, MD
Campbell Gibbons & Associates Inc
Lanham, MD
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 96% lower than Pella Mid-Atlantic Inc's reported 214 employees, and received an average PPP loan of $113,959, 96% lower than this company's loan of $2.97M.
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, and is published unmodified, as provided by the SBA.
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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