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PPP Loan Data — SND Services Inc, Middle River, MD

SBA PPP loan data, payroll data, and salaries for SND Services Inc
MD

SND Services Inc

Entity: Corporation

Industry: Employment Placement Agencies

Location: Middle River, MD

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SND Services Inc is a corporation located at 405 Williams Ct Ste 123 in Middle River, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,551,316.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.55M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-08

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

SND Services Inc in Middle River, MD received a Paycheck Protection Loan of $3.55M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, SND Services Inc's total 2019 payroll expenses were approximately $17.05M in order to qualify for the PPP loan amount received.

Unlike most businesses, SND Services Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by SND Services Inc 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 - SND Services Inc in Middle River, MD

SND Services Inc
405 Williams Ct Ste 123
Middle River, MD 21220

Business Industry

Employment Placement Agencies (NAICS code 561311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-02

Similar Companies near Middle River

In the Middle River area, 2 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 0) and received an average PPP loan of $3,205,608 (compared to this company's $3.55M).

Similar Nearby Businesses Who Received PPP Funding:

Skillforce, Inc.
Middle River, MD

$2.86M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 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 38 employees, and received an average PPP loan of $363,100, 90% lower than this company's loan of $3.55M.

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/snd-services-inc-middle-river-md