PPP Loan Data — Vytex Corporation, Laurel, MD
Vytex Corporation is a subchapter s corporation located at 9425 Washington Blvd in Laurel, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,970,837.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 215 people during the applicable loan loan period.
$ PPP Loan Information
Lender:SANDY SPRING BANK
Vytex Corporation received a Paycheck Protection Loan of $2.97M through SANDY SPRING BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vytex Corporation's total 2019 payroll expenses were approximately $14.26M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $66,326 per employee1.
Business Information - Vytex Corporation in Laurel, MD
9425 Washington Blvd
Laurel, MD 20723
Metal Window and Door Manufacturing (NAICS code 332321)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MD-02
Industry PPP Comparison Statistics
Nationwide, 965 businesses in the "Metal Window and Door Manufacturing" industry received a total of $295,266,784.00 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 24 employees, 89% lower than Vytex Corporation's reported 215 employees, and received an average PPP loan of $305,976, 90% lower than this company's loan of $2.97M.
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Footnotes & Information
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