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PPP Loan Data — Residential One LLC, Columbia, MD

SBA PPP loan data, payroll data, and salaries for Residential One LLC
MD

Residential One LLC

Entity: Limited Liability Company (LLC)

Industry: Residential Property Managers

Location: Columbia, MD

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Residential One LLC is a limited liability company (LLC) located at 8975 Guilford Rd, Suite 100 in Columbia, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,000,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4M

Jobs Retained:

409

Loan Approved:

2020-04-14

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Residential One LLC in Columbia, MD received a Paycheck Protection Loan of $4M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Residential One LLC's total 2019 payroll expenses were approximately $19.2M in order to qualify for the PPP loan amount received.

Based on their reported 409 jobs retained, this equals an estimated average yearly compensation of $46,953 per employee1.

Because the loan received by Residential One LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Residential One LLC in Columbia, MD

Residential One LLC
8975 Guilford Rd, Suite 100
Columbia, MD 21046

Business Industry

Residential Property Managers (NAICS code 531311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-03

Similar Companies near Columbia

In the Columbia area, 5 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 140 employees (compared to this company's 409) and received an average PPP loan of $1,522,248 (compared to this company's $4M).

Industry PPP Comparison Statistics

Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 98% lower than Residential One LLC's reported 409 employees, and received an average PPP loan of $114,517, 97% lower than this company's loan of $4M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/residential-one-llc-columbia-md