PPP Loan Data — CBM Of America Inc, Deerfield Beach, FL
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
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.
Business Information - CBM Of America Inc in Deerfield Beach, FL
1455 W Newport Center Dr
Deerfield Beach, FL 33442
Communication Equipment Repair and Maintenance (NAICS code 811213)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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:
Deerfield Beach, FL
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.
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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