PPP Loan Data — West River Group, Inc., Annapolis, MD
West River Group, Inc. is a subchapter s corporation located at 703 Bestgate Road in Annapolis, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,005,082.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
West River Group, Inc. received a Paycheck Protection Loan of $4.01M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, West River Group, Inc.'s total 2019 payroll expenses were approximately $19.22M in order to qualify for the PPP loan amount received.
Based on their reported 310 jobs retained, this equals an estimated average yearly compensation of $62,014 per employee1.
Business Information - West River Group, Inc. in Annapolis, MD
703 Bestgate Road
Annapolis, MD 21401
All Other Support Services (NAICS code 561990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-04
Similar Companies near Annapolis
In the Annapolis area, 10 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 310) and received an average PPP loan of $443,043 (compared to this company's $4.01M).
Similar Nearby Businesses Who Received PPP Funding:
Ethos Of Annapolis, LLC
Michele Deckman Realtor
Bondurant Enterprises Inc
Ploor Enterprises Inc
Matthew Back, Inc.
Industry PPP Comparison Statistics
Nationwide, 26,446 businesses in the "All Other Support Services" industry received a total of $1,388,180,245.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than West River Group, Inc.'s reported 310 employees, and received an average PPP loan of $52,491, 99% lower than this company's loan of $4.01M.
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Footnotes & Information
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