PPP Loan Data — Pella Mid-Atlantic Inc, Beltsville, MD
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
Lender:MERCANTILE BANK OF MICHIGAN
Pella 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
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-05
Similar 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
Samayoa Contractors, Inc.
PCM Landscape LLC
Ruby Ivy Consulting LLC Formerly Marsh Mitchell & Huie
VMP Construction Company, Inc
Smith & Smith, LLC
National Custom Millwork
Campbell Gibbons & Associates Inc
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.
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Footnotes & Information
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