PPP Loan Data — Susdewitt Enterprises Limited Partnership, Lanham, MD
Susdewitt Enterprises Limited Partnership is a partnership located at 4200 Forbes Blvd Suite 100 in Lanham, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,125,500.00 in April, 2020. This business is a McDonalds franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BMO Harris Bank National Association
Susdewitt Enterprises Limited Partnership in Lanham, MD received a Paycheck Protection Loan of $2.13M through BMO Harris Bank National Association, which was approved in April, 2020.
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, Susdewitt Enterprises Limited Partnership's 2019 payroll expenses are estimated to be at least $10.2M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $20,405 per employee1
Reported PPP Proceed Usage:
On the PPP application, Susdewitt Enterprises Limited Partnership reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,125,500
Business Information - Susdewitt Enterprises Limited Partnership in Lanham, MD
4200 Forbes Blvd Suite 100
Lanham, MD 20706
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 Lanham
In the Lanham area, 72 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 500) and received an average PPP loan of $68,140 (compared to this company's $2.13M).
Similar Nearby Businesses Who Received PPP Funding:
Bi Bi Pizza Inc
Eastern Panda's Carryout
Wakeel Enteprises, Inc
SP Laurel Inc
YIA Yia's Kitchen LLC
Rebecca Cuisine Inc
Restaurante El Ranchero Y Sus Mariachis LLC
EJ Development Inc
Quick Stop & Deli, 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, 96% lower than Susdewitt Enterprises Limited Partnership's reported 500 employees, and received an average PPP loan of $100,980, 95% lower than this company's loan of $2.13M.
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Footnotes & Information
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