PPP Loan Data — TWP Enterprises, Inc., Gaithersburg, MD
TWP Enterprises, Inc.
Location: Gaithersburg, MDTweet This • Search All PPP Data
TWP Enterprises, Inc. is a corporation located at 8101 Snouffer School Rd in Gaithersburg, Maryland that received a Coronavirus-related PPP loan from the SBA of $5,462,500.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
TWP Enterprises, Inc. in Gaithersburg, MD received a Paycheck Protection Loan of $5.46M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, TWP Enterprises, Inc.'s total 2019 payroll expenses were approximately $26.22M in order to qualify for the PPP loan amount received.
Based on their reported 452 jobs retained, this equals an estimated average yearly compensation of $58,009 per employee1.
Business Information - TWP Enterprises, Inc. in Gaithersburg, MD
8101 Snouffer School Rd
Gaithersburg, MD 20879
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-06
Industry PPP Comparison Statistics
Nationwide, 4,016 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $905,412,517.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 17 employees, 96% lower than TWP Enterprises, Inc.'s reported 452 employees, and received an average PPP loan of $225,451, 96% lower than this company's loan of $5.46M.
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Footnotes & Information
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