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PPP Loan Data — CML Security, LLC, Broomfield, CO

SBA PPP loan data, payroll data, and salaries for CML Security, LLC
CO

CML Security, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Building Equipment Contractors

Location: Broomfield, CO

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CML Security, LLC is a limited liability company (LLC) located at 1765 W 160th Ave in Broomfield, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,812,200.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 271 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.81M

Jobs Retained:

271

Loan Approved:

2020-04-06

Lender:

ZIONS BANK, A DIVISION OF

CML Security, LLC in Broomfield, CO received a Paycheck Protection Loan of $3.81M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, CML Security, LLC's total 2019 payroll expenses were approximately $18.3M in order to qualify for the PPP loan amount received.

Based on their reported 271 jobs retained, this equals an estimated average yearly compensation of $67,522 per employee1.

Because the loan received by CML Security, LLC 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 - CML Security, LLC in Broomfield, CO

CML Security, LLC
1765 W 160th Ave
Broomfield, CO 80023

Business Industry

Other Building Equipment Contractors (NAICS code 238290)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CO-02

Similar Companies near Broomfield

In the Broomfield area, 4 businesses in the "Other Building Equipment Contractors" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 271) and received an average PPP loan of $1,387,005 (compared to this company's $3.81M).

Industry PPP Comparison Statistics

Nationwide, 4,721 businesses in the "Other Building Equipment Contractors" industry received a total of $856,112,742.00 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 12 employees, 96% lower than CML Security, LLC's reported 271 employees, and received an average PPP loan of $181,341, 95% lower than this company's loan of $3.81M.

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, 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/cml-security-llc-broomfield-co