PPP Loan Data — Imperial Management Services Group LLC, Pasadena, CA
Imperial Management Services Group LLC
Entity: Limited Liability Company (LLC)
Location: Pasadena, CATweet This • Search All PPP Data
Imperial Management Services Group LLC is a limited liability company (LLC) located at 1100 E Green St in Pasadena, California that received a Coronavirus-related PPP loan from the SBA of $1,596,911.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Banc of California, National Association
Imperial Management Services Group LLC in Pasadena, CA received a Paycheck Protection Loan of $1.6M through Banc of California, National Association, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Imperial Management Services Group LLC's 2019 payroll expenses are estimated to be at least $7.67M.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $35,987 per employee1
Reported PPP Proceed Usage:
On the PPP application, Imperial Management Services Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,596,906
- Utilities: $1
Business Information - Imperial Management Services Group LLC in Pasadena, CA
1100 E Green St
Pasadena, CA 91106
Corporate, Subsidiary, and Regional Managing Offices
NAICS code 551114
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pasadena
In the Pasadena area, 6 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 213) and received an average PPP loan of $304,802 (compared to this company's $1.6M).
Similar Nearby Businesses Who Received PPP Funding:
CAO Management Group Inc
Professional Restaurant Management Inc
C & H Assets, Inc
Industry PPP Comparison Statistics
Nationwide, 3,261 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $411.49M 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 12 employees, 94% lower than Imperial Management Services Group LLC's reported 213 employees, and received an average PPP loan of $126,185, 92% lower than this company's loan of $1.6M.
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Footnotes & Information
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