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PPP Loan Data — Benchmark Management Corp,
Buffalo, NY
Benchmark Management Corp
Entity: Subchapter S Corporation
Industry: Residential Property Managers
Location: Buffalo, NY
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Benchmark Management Corp is a subchapter s corporation located at 4053 Maple Rd in Buffalo, New York that received a Coronavirus-related PPP loan from the SBA of $2,633,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
207Loan Approved:
2020-04-14Lender:
KEYBANK NATIONAL ASSOCIATIONBenchmark Management Corp received a Paycheck Protection Loan of $2.63M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Benchmark Management Corp's total 2019 payroll expenses were approximately $12.64M in order to qualify for the PPP loan amount received.
Based on their reported 207 jobs retained, this equals an estimated average yearly compensation of $61,055 per employee1.
Business Information - Benchmark Management Corp in Buffalo, NY
4053 Maple Rd
Buffalo, NY 14226
Business Industry
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-26Similar Companies near Buffalo
In the Buffalo area, 2 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 207) and received an average PPP loan of $1,333,625 (compared to this company's $2.63M).
Similar Nearby Businesses Who Received PPP Funding:
Plumbinders Properties, Inc.
Cheektowaga, NY
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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, 95% lower than Benchmark Management Corp's reported 207 employees, and received an average PPP loan of $114,517, 96% lower than this company's loan of $2.63M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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