PPP Loan Data — William Hunt, Cambridge, MD
William Hunt is a sole proprietorship located at 436 Race St in Cambridge, Maryland that received a Coronavirus-related PPP loan from the SBA of $24,871.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Hebron Savings Bank
William Hunt in Cambridge, MD received a Paycheck Protection Loan of $24,871 through Hebron Savings Bank, which was approved in January, 2021.
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, William Hunt's 2019 payroll expenses are estimated to be at least $119,381.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,845 per employee1
Reported PPP Proceed Usage:
On the PPP application, William Hunt reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,867
- Utilities: $1
Business Information - William Hunt in Cambridge, MD
436 Race St
Cambridge, MD 21613
Insurance Agencies and Brokerages
NAICS code 524210
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: Rural
Similar Companies near Cambridge
In the Cambridge area, 4 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 4) and received an average PPP loan of $86,568 (compared to this company's $24,871).
Similar Nearby Businesses Who Received PPP Funding:
William T Hunt Insurance
Whitten Group, LLC
Megan Holotik Insurance Agency Inc
Industry PPP Comparison Statistics
Nationwide, 149,532 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.87B 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 4 employees, the same amount reported by William Hunt and received an average PPP loan of $39,254, 58% higher than this company's loan of $24,871.
FederalPay's PPP Information Policy
Footnotes & Information
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