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PPP Loan Data — HAI Management, Inc., Columbia, MD

SBA PPP loan data, payroll data, and salaries for HAI Management, Inc.
MD

HAI Management, Inc.

Entity: Subchapter S Corporation

Industry: Residential Property Managers

Location: Columbia, MD

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HAI Management, Inc. is a subchapter s corporation located at 10220 Old Columbia Road in Columbia, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,894,057.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.89M

Jobs Retained:

239

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

HAI Management, Inc. in Columbia, MD received a Paycheck Protection Loan of $2.89M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, HAI Management, Inc.'s total 2019 payroll expenses were approximately $13.89M in order to qualify for the PPP loan amount received.

Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $58,123 per employee1.

Because the loan received by HAI Management, Inc. 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 - HAI Management, Inc. in Columbia, MD

HAI Management, Inc.
10220 Old Columbia Road
Columbia, MD 21046

Business Industry

Residential Property Managers (NAICS code 531311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-03

Similar Companies near Columbia

In the Columbia area, 5 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 140 employees (compared to this company's 239) and received an average PPP loan of $1,522,248 (compared to this company's $2.89M).

Industry PPP Comparison Statistics

Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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 10 employees, 96% lower than HAI Management, Inc.'s reported 239 employees, and received an average PPP loan of $114,517, 96% lower than this company's loan of $2.89M.

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.

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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/hai-management-inc-columbia-md