PPP Loan Data — Group Management Services, Inc., Richfield, OH
Group Management Services, Inc. is a subchapter s corporation located at 3750 Timberlake Drive in Richfield, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,628,896.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Group Management Services, Inc. in Richfield, OH received a Paycheck Protection Loan of $4.63M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Group Management Services, Inc.'s total 2019 payroll expenses were approximately $22.22M in order to qualify for the PPP loan amount received.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $81,090 per employee1.
Business Information - Group Management Services, Inc. in Richfield, OH
3750 Timberlake Drive
Richfield, OH 44286
Professional Employer Organizations (NAICS code 561330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
Industry PPP Comparison Statistics
Nationwide, 1,298 businesses in the "Professional Employer Organizations" industry received a total of $544,321,819.00 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 38 employees, 86% lower than Group Management Services, Inc.'s reported 274 employees, and received an average PPP loan of $419,354, 91% lower than this company's loan of $4.63M.
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Footnotes & Information
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