PPP Loan Data — Sath LLC, Reisterstown, MD
Sath LLC is a partnership located at 11801 A Reisterstown Rd in Reisterstown, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,417.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank of Pennsylvania
Sath LLC in Reisterstown, MD received a Paycheck Protection Loan of $25,417 through First National Bank of Pennsylvania, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, Sath LLC's 2019 payroll expenses are estimated to be at least $122,002.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,667 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sath LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,417
Business Information - Sath LLC in Reisterstown, MD
11801 A Reisterstown Rd
Reisterstown, MD 21136
Beer, Wine, and Liquor Stores
NAICS code 445310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Reisterstown
In the Reisterstown area, 5 businesses in the "Beer, Wine, and Liquor Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $21,390 (compared to this company's $25,417).
Similar Nearby Businesses Who Received PPP Funding:
A & I Enterprside VIII Inc
Twinstar Holdings LLC
Industry PPP Comparison Statistics
Nationwide, 19,110 businesses in the "Beer, Wine, and Liquor Stores" industry received a total of $604.2M 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 6 employees, 100% higher than Sath LLC's reported 3 employees, and received an average PPP loan of $31,617, 24% higher than this company's loan of $25,417.
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Footnotes & Information
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