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PPP Loan Data — Charles Tini & Associates Inc., Laurel, MD

SBA PPP loan data, payroll data, and salaries for Charles Tini & Associates Inc.
MD

Charles Tini & Associates Inc.

Entity: Subchapter S Corporation

Industry: Residential Property Managers

Location: Laurel, MD

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Charles Tini & Associates Inc. is a subchapter s corporation located at 900 Montgomery Street in Laurel, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,518,063.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.52M

Jobs Retained:

362

Loan Approved:

2020-04-14

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Charles Tini & Associates Inc. received a Paycheck Protection Loan of $2.52M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Charles Tini & Associates Inc.'s total 2019 payroll expenses were approximately $12.09M in order to qualify for the PPP loan amount received.

Based on their reported 362 jobs retained, this equals an estimated average yearly compensation of $33,389 per employee1.

Because the loan received by Charles Tini & Associates 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 - Charles Tini & Associates Inc. in Laurel, MD

Charles Tini & Associates Inc.
900 Montgomery Street
Laurel, MD 20707

Business Industry

Residential Property Managers (NAICS code 531311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-04

Similar Companies near Laurel

In the Laurel area, 10 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 362) and received an average PPP loan of $340,705 (compared to this company's $2.52M).

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, 97% lower than Charles Tini & Associates Inc.'s reported 362 employees, and received an average PPP loan of $114,517, 95% lower than this company's loan of $2.52M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/charles-tini-and-associates-inc-laurel-md