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PPP Loan Data — Wittenbach Business Systems LLC, Sparks Glencoe, MD

SBA PPP loan data, payroll data, and salaries for Wittenbach Business Systems LLC
MD

Wittenbach Business Systems LLC

Entity: Limited Liability Company (LLC)

Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Location: Sparks Glencoe, MD

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Wittenbach Business Systems LLC is a limited liability company (LLC) located at 100 Sparks Valley Rd in Sparks Glencoe, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,359,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.36M

Jobs Retained:

243

Loan Approved:

2020-04-15

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Wittenbach Business Systems LLC in Sparks Glencoe, MD received a Paycheck Protection Loan of $3.36M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wittenbach Business Systems LLC's total 2019 payroll expenses were approximately $16.13M in order to qualify for the PPP loan amount received.

Based on their reported 243 jobs retained, this equals an estimated average yearly compensation of $66,366 per employee1.

Because the loan received by Wittenbach Business Systems LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Wittenbach Business Systems LLC in Sparks Glencoe, MD

Wittenbach Business Systems LLC
100 Sparks Valley Rd
Sparks Glencoe, MD 21152

Business Industry

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (NAICS code 811310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-07

Industry PPP Comparison Statistics

Nationwide, 12,028 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $1,542,124,009.00 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 10 employees, 96% lower than Wittenbach Business Systems LLC's reported 243 employees, and received an average PPP loan of $128,211, 96% lower than this company's loan of $3.36M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/wittenbach-business-systems-llc-sparks-glencoe-md