PPP Loan Data — Reyes Underground, LLC, Easton, MD
Reyes Underground, LLC
Entity: Limited Liability Company (LLC)
Location: Easton, MDTweet This • Search All PPP Data
Reyes Underground, LLC is a limited liability company (LLC) located at 29978 Dover Rd in Easton, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Shore United Bank
Reyes Underground, LLC in Easton, MD received a Paycheck Protection Loan of $25,100 through Shore United Bank, which was approved in May, 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, Reyes Underground, LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Reyes Underground, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Reyes Underground, LLC in Easton, MD
29978 Dover Rd
Easton, MD 21601
Other Foundation, Structure, and Building Exterior Contractors
NAICS code 238190
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Easton
In the Easton area, 3 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 6) and received an average PPP loan of $172,545 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Total Home Performance, LLC
Industry PPP Comparison Statistics
Nationwide, 11,071 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a total of $855.1M 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 7 employees, 17% higher than Reyes Underground, LLC's reported 6 employees, and received an average PPP loan of $77,238, 208% higher than this company's loan of $25,100.
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Footnotes & Information
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