PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — CBM Of America Inc, Deerfield Beach, FL

SBA PPP loan data, payroll data, and salaries for CBM Of America Inc
FL

CBM Of America Inc

Entity: Subchapter S Corporation

Industry: Communication Equipment Repair and Maintenance

Location: Deerfield Beach, FL

Search All PPP Data

CBM Of America Inc is a subchapter s corporation located at 1455 W Newport Center Dr in Deerfield Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $4,567,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.57M

Jobs Retained:

290

Loan Approved:

2020-04-09

Lender:

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

CBM Of America Inc received a Paycheck Protection Loan of $4.57M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, CBM Of America Inc's total 2019 payroll expenses were approximately $21.93M in order to qualify for the PPP loan amount received.

Based on their reported 290 jobs retained, this equals an estimated average yearly compensation of $75,605 per employee1.

Because the loan received by CBM Of America Inc 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 - CBM Of America Inc in Deerfield Beach, FL

CBM Of America Inc
1455 W Newport Center Dr
Deerfield Beach, FL 33442

Business Industry

Communication Equipment Repair and Maintenance (NAICS code 811213)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-22

Similar Companies near Deerfield Beach

In the Deerfield Beach area, 2 businesses in the "Communication Equipment Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 145 employees (compared to this company's 290) and received an average PPP loan of $2,288,900 (compared to this company's $4.57M).

Similar Nearby Businesses Who Received PPP Funding:

Mobile2Fix
Deerfield Beach, FL

$10,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 866 businesses in the "Communication Equipment Repair and Maintenance" industry received a total of $76,056,970.00 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 7 employees, 98% lower than CBM Of America Inc's reported 290 employees, and received an average PPP loan of $87,826, 98% lower than this company's loan of $4.57M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cbm-of-america-inc-deerfield-beach-fl