PPP Loan Data — The Leon Group Inc, Gaithersburg, MD
The Leon Group Inc is a subchapter s corporation located at 459 Upshire Circle in Gaithersburg, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Atlantic Union Bank
The Leon Group Inc in Gaithersburg, MD received a Paycheck Protection Loan of $25,000 through Atlantic Union Bank, 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, The Leon Group Inc's 2019 payroll expenses are estimated to be at least $120,000 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, The Leon Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - The Leon Group Inc in Gaithersburg, MD
459 Upshire Circle
Gaithersburg, MD 20878
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gaithersburg
In the Gaithersburg area, 10 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 1) and received an average PPP loan of $180,159 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Kamis Professional Staffing LLC
Real Time Recruiting, Inc
North Potomac, MD
Useful Staffing Inc
Science Management & Engineering Inc
Cogent Staffing Solutions
Staffing Alternatives Inc
Artemis Human Capital Management LLC
Onetouch Hcm Holdings LLC
Industry PPP Comparison Statistics
Nationwide, 12,601 businesses in the "Employment Placement Agencies" industry received a total of $3.48B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 35 employees, 3400% higher than The Leon Group Inc's reported 1 employees, and received an average PPP loan of $275,915, 1004% higher than this company's loan of $25,000.
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Footnotes & Information
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