PPP Loan Data — Sabmd, LLC, Sterling, VA
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
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.
Business Information - Sabmd, LLC in Sterling, VA
22705 Commerce Center
Sterling, VA 20166
Used Car Dealers (NAICS code 441120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Alliance Auto Group, LLC
Dream's Auto Group LLC
Porthos International Corp
Afford Auto Service Inc
Champs Auto Inc
Empire Auto Group
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.
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Footnotes & Information
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