PPP Loan Data — Wealth Advisors, LLC, Frederick, MD
Wealth Advisors, LLC is a limited liability company (LLC) located at 50 Carroll Creek Way Suite 270 in Frederick, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,492.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Wealth Advisors, LLC in Frederick, MD received a Paycheck Protection Loan of $25,492 through Manufacturers and Traders Trust Company, 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, Wealth Advisors, LLC's 2019 payroll expenses are estimated to be at least $122,362.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,181 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wealth Advisors, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,492
Business Information - Wealth Advisors, LLC in Frederick, MD
50 Carroll Creek Way Suite 270
Frederick, MD 21701
NAICS code 523930
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Frederick
In the Frederick area, 13 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $48,374 (compared to this company's $25,492).
Similar Nearby Businesses Who Received PPP Funding:
Kramer Financial LLC
Javon Burriss Jr
Parish Financial Group
Tamara J Trocha
Dan Schiffman And Associates
Moore Wealth Incorporated
Jennifer L Johnson LLC
Katz Metzner Financial, LLC
Industry PPP Comparison Statistics
Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B 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 4 employees, 100% higher than Wealth Advisors, LLC's reported 2 employees, and received an average PPP loan of $44,994, 77% higher than this company's loan of $25,492.
FederalPay's PPP Information Policy
Footnotes & Information
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