PPP Loan Data — Cima Services Management, Inc., Pasadena, TX
Cima Services Management, Inc.
Location: Pasadena, TXTweet This • Search All PPP Data
Cima Services Management, Inc. is a corporation located at 3334 Strawberry Road in Pasadena, Texas that received a Coronavirus-related PPP loan from the SBA of $4,339,686.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 276 people during the applicable loan loan period.
$ PPP Loan Information
Lender:COMMUNITYBANK OF TEXAS, NATIONAL ASSOCIATION
Cima Services Management, Inc. received a Paycheck Protection Loan of $4.34M through COMMUNITYBANK OF TEXAS, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cima Services Management, Inc.'s total 2019 payroll expenses were approximately $20.83M in order to qualify for the PPP loan amount received.
Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $75,473 per employee1.
Business Information - Cima Services Management, Inc. in Pasadena, TX
3334 Strawberry Road
Pasadena, TX 77504
Poured Concrete Foundation and Structure Contractors (NAICS code 238110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-36
Similar Companies near Pasadena
In the Pasadena area, 6 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 276) and received an average PPP loan of $891,869 (compared to this company's $4.34M).
Similar Nearby Businesses Who Received PPP Funding:
Brooks Concrete, Inc.
Taylor And Taylor Construction Inc
Robert Salinas Inc.
South TX Core Drilling Co
Industry PPP Comparison Statistics
Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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 14 employees, 95% lower than Cima Services Management, Inc.'s reported 276 employees, and received an average PPP loan of $177,269, 96% lower than this company's loan of $4.34M.
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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