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PPP Loan Data — Sabmd, LLC, Sterling, VA

SBA PPP loan data, payroll data, and salaries for Sabmd, LLC
VA

Sabmd, LLC

Entity: Limited Liability Company (LLC)

Industry: Used Car Dealers

Location: Sterling, VA

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Sabmd, LLC is a limited liability company (LLC) located at 22705 Commerce Center in Sterling, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,013,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.01M

Jobs Retained:

250

Loan Approved:

2020-04-11

Lender:

SANDY SPRING BANK

Sabmd, LLC received a Paycheck Protection Loan of $3.01M through SANDY SPRING BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sabmd, LLC's total 2019 payroll expenses were approximately $14.47M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $57,863 per employee1.

Because the loan received by Sabmd, 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 - Sabmd, LLC in Sterling, VA

Sabmd, LLC
22705 Commerce Center
Sterling, VA 20166

Business Industry

Used Car Dealers (NAICS code 441120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-10

Similar Companies near Sterling

In the Sterling area, 9 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 250) and received an average PPP loan of $356,175 (compared to this company's $3.01M).

Industry PPP Comparison Statistics

Nationwide, 19,222 businesses in the "Used Car Dealers" industry received a total of $1,465,557,208.00 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 7 employees, 97% lower than Sabmd, LLC's reported 250 employees, and received an average PPP loan of $76,244, 97% lower than this company's loan of $3.01M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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/sabmd-llc-sterling-va