PPP Loan Data — Trend Is Ee Owned Business Total Of 55 More Investors, Hunt Valley, MD
Trend Is Ee Owned Business Total Of 55 More Investors
Entity: Limited Liability Company (LLC)
Location: Hunt Valley, MDTweet This • Search All PPP Data
Trend Is Ee Owned Business Total Of 55 More Investors is a limited liability company (LLC) located at 20 Wight Ave Suite 150 in Hunt Valley, Maryland that received a Coronavirus-related PPP loan from the SBA of $1,573,365.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Trend Is Ee Owned Business Total Of 55 More Investors in Hunt Valley, MD received a Paycheck Protection Loan of $1.57M through Manufacturers and Traders Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 73 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 76. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Trend Is Ee Owned Business Total Of 55 More Investors' 2019 payroll expenses are estimated to be at least $7.55M (not accounting for salary amounts > $100k).
Because the 73 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, Trend Is Ee Owned Business Total Of 55 More Investors reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,362,613
- Health Care: $210,752
Business Information - Trend Is Ee Owned Business Total Of 55 More Investors in Hunt Valley, MD
20 Wight Ave Suite 150
Hunt Valley, MD 21030
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hunt Valley
In the Hunt Valley area, 25 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 73) and received an average PPP loan of $136,841 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
Skeen Leadership Group, Inc
Anne M. Lavole
Management Resources & Consultant, LLC
Touchstone Academy LLC
Song Biotechnologies, LLC
Green Way Lighting LLC
Fine Line Hair Design, Inc
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 93% lower than Trend Is Ee Owned Business Total Of 55 More Investors' reported 73 employees, and received an average PPP loan of $57,091, 96% lower than this company's loan of $1.57M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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