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PPP Loan Data — H2M Architects, Engineers, Land Surveying And Landscape Arch, Melville, NY

SBA PPP loan data, payroll data, and salaries for H2M Architects, Engineers, Land Surveying And Landscape Arch
NY

H2M Architects, Engineers, Land Surveying And Landscape Arch

Entity: Corporation

Industry: Architectural Services

Location: Melville, NY

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H2M Architects, Engineers, Land Surveying And Landscape Arch is a corporation located at 538 Broadhollow Rd Fl 4th East in Melville, New York that received a Coronavirus-related PPP loan from the SBA of $8,736,020.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.74M

Jobs Retained:

467

Loan Approved:

2020-04-14

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

H2M Architects, Engineers, Land Surveying And Landscape Arch in Melville, NY received a Paycheck Protection Loan of $8.74M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, H2M Architects, Engineers, Land Surveying And Landscape Arch's total 2019 payroll expenses were approximately $41.93M in order to qualify for the PPP loan amount received.

Based on their reported 467 jobs retained, this equals an estimated average yearly compensation of $89,792 per employee1.

Because the loan received by H2M Architects, Engineers, Land Surveying And Landscape Arch 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 - H2M Architects, Engineers, Land Surveying And Landscape Arch in Melville, NY

H2M Architects, Engineers, Land Surveying And Landscape Arch
538 Broadhollow Rd Fl 4th East
Melville, NY 11747

Business Industry

Architectural Services (NAICS code 541310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-03

Similar Companies near Melville

In the Melville area, 6 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 467) and received an average PPP loan of $1,618,903 (compared to this company's $8.74M).

Industry PPP Comparison Statistics

Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 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 8 employees, 98% lower than H2M Architects, Engineers, Land Surveying And Landscape Arch's reported 467 employees, and received an average PPP loan of $149,750, 98% lower than this company's loan of $8.74M.

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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Source: www.federalpay.org/paycheck-protection-program/h2m-architects-engineers-land-surveying-and-landscape-arch-melville-ny