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PPP Loan Data — Immediate Mailing Services, Inc, Liverpool, NY

SBA PPP loan data, payroll data, and salaries for Immediate Mailing Services, Inc
NY

Immediate Mailing Services, Inc

Entity: Subchapter S Corporation

Industry: Directory and Mailing List Publishers

Location: Liverpool, NY

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Immediate Mailing Services, Inc is a subchapter s corporation located at 245 Commerce Blvd in Liverpool, New York that received a Coronavirus-related PPP loan from the SBA of $1,755,800.00 in April, 2020.

$ PPP Loan Information
Loan #8151997002

Loan Size:

$1.76M

Jobs Retained:

217

Loan Approved:

2020-04-08

Loan Status:

Ongoing Loan

Lender:

Five Star Bank

Immediate Mailing Services, Inc in Liverpool, NY received a Paycheck Protection Loan of $1.76M through Five Star Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

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Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Immediate Mailing Services, Inc's 2019 payroll expenses are estimated to be at least $8.43M.

Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $38,838 per employee1

Reported PPP Proceed Usage:

On the PPP application, Immediate Mailing Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,755,800

Business Information - Immediate Mailing Services, Inc in Liverpool, NY

Immediate Mailing Services, Inc
245 Commerce Blvd
Liverpool, NY 13088

Business Industry:
Directory and Mailing List Publishers
NAICS code 511140

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Onondaga County, NY — SBA Office 0248 — Congressional District: NY-24

Industry PPP Comparison Statistics

Nationwide, 406 businesses in the "Directory and Mailing List Publishers" industry received a total of $56.52M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 13 employees, 94% lower than Immediate Mailing Services, Inc's reported 217 employees, and received an average PPP loan of $139,223, 92% lower than this company's loan of $1.76M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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/immediate-mailing-services-inc-liverpool-ny