PPP Loan Data — Skyline Technology Solutions, LLC, Glen Burnie, MD
Skyline Technology Solutions, LLC is a subchapter s corporation located at 6956 Aviation Boulevard Suite F in Glen Burnie, Maryland that received a Coronavirus-related PPP loan from the SBA of $5,217,050.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Skyline Technology Solutions, LLC in Glen Burnie, MD received a Paycheck Protection Loan of $5.22M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Skyline Technology Solutions, LLC's total 2019 payroll expenses were approximately $25.04M in order to qualify for the PPP loan amount received.
Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $84,888 per employee1.
Business Information - Skyline Technology Solutions, LLC in Glen Burnie, MD
6956 Aviation Boulevard Suite F
Glen Burnie, MD 21061
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-03
Similar Companies near Glen Burnie
In the Glen Burnie area, 2 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 295) and received an average PPP loan of $2,610,575 (compared to this company's $5.22M).
Similar Nearby Businesses Who Received PPP Funding:
Aartech Systems, LLC
Glen Burnie, MD
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 97% lower than Skyline Technology Solutions, LLC's reported 295 employees, and received an average PPP loan of $181,408, 97% lower than this company's loan of $5.22M.
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, and is published unmodified, as provided by the SBA.
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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