PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Commercial Medical Escorts Inc, Pompano Beach, FL

ALERT: There are 2 PPP loans for a total of $215,505 in our database for businesses with the name "Commercial Medical Escorts Inc" in Pompano Beach, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Commercial Medical Escorts Inc
FL

Commercial Medical Escorts Inc

Entity: Subchapter S Corporation

Industry: Ambulance Services

Location: Pompano Beach, FL

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Commercial Medical Escorts Inc is a subchapter s corporation located at 3581 Sw 10th St 3581 Sw 10th St in Pompano Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $90,505.00 in February, 2021.

$ PPP Loan Information
Loan #2236238507

Loan Size:

$90,505

Jobs Retained:

6

Loan Approved:

2021-02-20

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

Commercial Medical Escorts Inc in Pompano Beach, FL received a Paycheck Protection Loan of $90,505 through PNC Bank, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Commercial Medical Escorts Inc's 2019 payroll expenses are estimated to be at least $434,424.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $72,404 per employee1

Reported PPP Proceed Usage:

On the PPP application, Commercial Medical Escorts Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $90,503
  • Utilities: $1

Business Information - Commercial Medical Escorts Inc in Pompano Beach, FL

Commercial Medical Escorts Inc
3581 Sw 10th St 3581 Sw 10th St
Pompano Beach, FL 33069

Business Industry:
Ambulance Services
NAICS code 621910

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Broward County, FL — SBA Office 0455 — Congressional District: FL-22

Similar Companies near Pompano Beach

In the Pompano Beach area, 2 businesses in the "Ambulance Services" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 6) and received an average PPP loan of $1,244,377 (compared to this company's $90,505).

Similar Nearby Businesses Who Received PPP Funding:

Medi-Trans Inc
Pompano Beach, FL

$2.4M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,318 businesses in the "Ambulance Services" industry received a total of $858.72M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 36 employees, 500% higher than Commercial Medical Escorts Inc's reported 6 employees, and received an average PPP loan of $258,807, 186% higher than this company's loan of $90,505.

SBA PPP loan data, payroll data, and salaries for Commercial Medical Escorts Inc
FL

Commercial Medical Escorts Inc

Entity: Subchapter S Corporation

Industry: Other Nonscheduled Air Transportation

Location: Pompano Beach, FL

Search All PPP Data

Commercial Medical Escorts Inc is a subchapter s corporation located at 3581 Sw 10th St in Pompano Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $125,000.00 in May, 2020.

$ PPP Loan Information
Loan #7539037706

Loan Size:

$125,000

Jobs Retained:

8

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

Commercial Medical Escorts Inc in Pompano Beach, FL received a Paycheck Protection Loan of $125,000 through PNC Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Commercial Medical Escorts Inc's 2019 payroll expenses are estimated to be at least $600,000.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $75,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Commercial Medical Escorts Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $125,000

Business Information - Commercial Medical Escorts Inc in Pompano Beach, FL

Commercial Medical Escorts Inc
3581 Sw 10th St
Pompano Beach, FL 33069

Business Industry:
Other Nonscheduled Air Transportation
NAICS code 481219

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Broward County, FL — SBA Office 0455 — Congressional District: FL-22

Industry PPP Comparison Statistics

Nationwide, 1,675 businesses in the "Other Nonscheduled Air Transportation" industry received a total of $170.01M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 8 employees, the same amount reported by Commercial Medical Escorts Inc and received an average PPP loan of $101,499, 19% lower than this company's loan of $125,000.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/commercial-medical-escorts-inc-pompano-beach-fl