PPP Loan Data — Facility Services Management, Inc., Clarksville, TN
Facility Services Management, Inc. is a corporation located at 1031 Progress Drive in Clarksville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $5,553,780.00 in April, 2020.
$ PPP Loan Information
Lender:PLANTERS BANK, INC.
Facility Services Management, Inc. in Clarksville, TN received a Paycheck Protection Loan of $5.55M through PLANTERS BANK, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Facility Services Management, Inc.'s total 2019 payroll expenses were approximately $26.66M in order to qualify for the PPP loan amount received.
Based on their reported 386 jobs retained, this equals an estimated average yearly compensation of $69,063 per employee1.
Business Information - Facility Services Management, Inc. in Clarksville, TN
1031 Progress Drive
Clarksville, TN 37040
Facilities Support Services (NAICS code 561210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-07
Similar Companies near Clarksville
In the Clarksville area, 4 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 131 employees (compared to this company's 386) and received an average PPP loan of $1,757,618 (compared to this company's $5.55M).
Similar Nearby Businesses Who Received PPP Funding:
Browning Contracting Services
Stand In Their Boots LLC
Brymak & Associates, Inc.
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, 94% lower than Facility Services Management, Inc.'s reported 386 employees, and received an average PPP loan of $245,974, 96% lower than this company's loan of $5.55M.
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.
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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