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PPP Loan Data — First Quality Maintenance II LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for First Quality Maintenance II LLC
NY

First Quality Maintenance II LLC

Entity: Limited Liability Company (LLC)

Industry: Facilities Support Services

Location: New York, NY

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First Quality Maintenance II LLC is a limited liability company (LLC) located at 318 W 39 Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$10M

Jobs Retained:

500

Loan Approved:

2020-04-30

Lender:

TD BANK, NATIONAL ASSOCIATION

First Quality Maintenance II LLC received a Paycheck Protection Loan of $10M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, First Quality Maintenance II LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.

Because the loan received by First Quality Maintenance II 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 - First Quality Maintenance II LLC in New York, NY

First Quality Maintenance II LLC
318 W 39 Street
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 500) and received an average PPP loan of $2,825,034 (compared to this company's $10M).

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, 96% lower than First Quality Maintenance II LLC's reported 500 employees, and received an average PPP loan of $245,974, 98% lower than this company's loan of $10M.

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.

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/first-quality-maintenance-ii-llc-new-york-ny