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PPP Loan Data — Skyline Technology Solutions, LLC, Glen Burnie, MD

SBA PPP loan data, payroll data, and salaries for Skyline Technology Solutions, LLC
MD

Skyline Technology Solutions, LLC

Entity: Subchapter S Corporation

Industry: Computer Systems Design Services

Location: Glen Burnie, MD

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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

Loan Size:

$5.22M

Jobs Retained:

295

Loan Approved:

2020-04-15

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.

Because the loan received by Skyline Technology Solutions, 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 - Skyline Technology Solutions, LLC in Glen Burnie, MD

Skyline Technology Solutions, LLC
6956 Aviation Boulevard Suite F
Glen Burnie, MD 21061

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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

$4,100 PPP Loan

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.

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/skyline-technology-solutions-llc-glen-burnie-md