PPP Loan Data — Wittenbach Business Systems LLC, Sparks Glencoe, 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, MDTweet This • Search All PPP Data
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
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.
Business Information - Wittenbach Business Systems LLC in Sparks Glencoe, MD
100 Sparks Valley Rd
Sparks Glencoe, MD 21152
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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