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PPP Loan Data — CMS Facilities Management Services, LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for CMS Facilities Management Services, LLC
NY

CMS Facilities Management Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Facilities Support Services

Location: New York, NY

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CMS Facilities Management Services, LLC is a limited liability company (LLC) located at 1384 Broadway Ste 800 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,810,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.81M

Jobs Retained:

308

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

CMS Facilities Management Services, LLC in New York, NY received a Paycheck Protection Loan of $2.81M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, CMS Facilities Management Services, LLC's total 2019 payroll expenses were approximately $13.49M in order to qualify for the PPP loan amount received.

Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $43,792 per employee1.

Because the loan received by CMS Facilities Management Services, 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 - CMS Facilities Management Services, LLC in New York, NY

CMS Facilities Management Services, LLC
1384 Broadway Ste 800
New York, NY 10018

Business Industry

Facilities Support Services (NAICS code 561210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 7 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 127 employees (compared to this company's 308) and received an average PPP loan of $2,825,034 (compared to this company's $2.81M).

Industry PPP Comparison Statistics

Nationwide, 1,765 businesses in the "Facilities Support Services" industry received a total of $434,144,705.00 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 22 employees, 93% lower than CMS Facilities Management Services, LLC's reported 308 employees, and received an average PPP loan of $245,974, 91% lower than this company's loan of $2.81M.

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/cms-facilities-management-services-llc-new-york-ny