PPP Loan Data — Sejin Corporation, Bethesda, MD
Sejin Corporation is a corporation located at 7315 Wisconsin Ave Ste 115e in Bethesda, Maryland that received a Coronavirus-related PPP loan from the SBA of $24,979.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Sejin Corporation in Bethesda, MD received a Paycheck Protection Loan of $24,979 through Wells Fargo Bank, National Association, which was approved in January, 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, Sejin Corporation's 2019 payroll expenses are estimated to be at least $119,899.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,975 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sejin Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,977
- Utilities: $1
Business Information - Sejin Corporation in Bethesda, MD
7315 Wisconsin Ave Ste 115e
Bethesda, MD 20814
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bethesda
In the Bethesda area, 55 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 4) and received an average PPP loan of $77,932 (compared to this company's $24,979).
Similar Nearby Businesses Who Received PPP Funding:
Bethesda Bagels Of Wildwood, LLC
Golden World Inc
Barlow Building Cafe Inc
Chevy Chase, MD
The Thai Kitchen,LLC
Chevy Chase, MD
Khalil And Sardini LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 425% higher than Sejin Corporation's reported 4 employees, and received an average PPP loan of $100,980, 304% higher than this company's loan of $24,979.
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Footnotes & Information
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