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These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $24,574 (compared to this company's $12,300). In the Bethesda area, 52 businesses in the " Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. Legal Counsel and Prosecution $23,555 PPP LoanĬomputer Systems Design Services $43,695 PPP Loan Offices of Real Estate Agents and Brokers $19,612 PPP LoanĮmployment Placement Agencies $20,800 PPP LoanĪll Other Professional, Scientific, and Technical Services $20,833 PPP Loan Other Specialized Design Services $14,887 PPP Loan Office Administrative Services $9,937 PPP Loan

There are 8 other businesses that received a PPP loan registered to the same address as Nicholas Reeder. Nicholas Rescher (/ r r / German: born 15 July 1928) is a German-American philosopher, polymath, and author, who has been a professor of philosophy at the University of Pittsburgh since 1961. On the PPP application, Nicholas Reeder reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Nicholas Reeder in Bethesda, MD In order to qualify for the PPP loan amount received, Nicholas Reeder's 2019 payroll expenses are estimated to be at least $59,040.īased on their reported 2 jobs retained, this equals an estimated average yearly compensation of $29,520 per employee 1 Reported PPP Proceed Usage: Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased 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).

Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.

Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.

This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received.

SES - Senior Executive Service Pay Calculatorįor Nicholas Reeder, the calculation used to estimate payroll costs is shown below:.

FWS - Federal Wage System Pay Calculator.