PPP Loan Data — Pharmaron Cpc Inc, Baltimore, MD
Pharmaron Cpc Inc
Location: Baltimore, MDTweet This • Search All PPP Data
Pharmaron Cpc Inc is a corporation located at 800 W.baltimore St in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $1,549,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Harbor Bank of Maryland
Pharmaron Cpc Inc in Baltimore, MD received a Paycheck Protection Loan of $1.55M through The Harbor Bank of Maryland, 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, Pharmaron Cpc Inc's 2019 payroll expenses are estimated to be at least $7.44M.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $55,494 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pharmaron Cpc Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,549,200
Business Information - Pharmaron Cpc Inc in Baltimore, MD
800 W.baltimore St
Baltimore, MD 21201
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 35 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 134) and received an average PPP loan of $147,608 (compared to this company's $1.55M).
Similar Nearby Businesses Who Received PPP Funding:
Matclinic Physician Practice Group LLC
Proper Staffing Inc
Infinite Biomedical Technologies LLC
Securities Pricing And Research, Inc
Legal Images Of Baltimore LLC
JPK Productions, Inc
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B 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 5 employees, 96% lower than Pharmaron Cpc Inc's reported 134 employees, and received an average PPP loan of $57,091, 96% lower than this company's loan of $1.55M.
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