JCM Associates, Inc. in Upper Marlboro, MD - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — JCM Associates, Inc., Upper Marlboro, MD

JCM Associates, Inc.

Entity: Subchapter S Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Upper Marlboro, MD

JCM Associates, Inc. is a subchapter s corporation located at 301 C Prince George Blvd in Upper Marlboro, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,762,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.76M

Jobs Retained:

300

Loan Approved:

2020-04-10

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

JCM Associates, Inc. received a Paycheck Protection Loan of $3.76M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, JCM Associates, Inc.'s total 2019 payroll expenses were approximately $18.06M in order to qualify for the PPP loan amount received.

Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $60,200 per employee¹.

Because the loan received by JCM Associates, 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 - JCM Associates, Inc. in Upper Marlboro, MD

JCM Associates, Inc.
301 C Prince George Blvd
Upper Marlboro, MD 20774

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-05

Similar Companies near Upper Marlboro

In the Upper Marlboro area, 11 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 300) and received an average PPP loan of $1,645,500 (compared to this company's $3.76M).

Similar Nearby Businesses Who Received PPP Funding:

Julian Desgraves DBA Jd Air LLC
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T & T HVAC And Electrical LLC
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$20,800 PPP Loan

Guardian Plumbing Services, Inc.
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$177,900 PPP Loan

Dexter Donkor
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$19,912 PPP Loan

The Severn Group, Inc
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$3.65M PPP Loan

Kogok Corporation
Upper Marlboro, MD

$5.86M PPP Loan

J & L Mavilia, Inc
Upper Marlboro, MD

$83,700 PPP Loan

Dave And Sons Plumbing LLC
Upper Marlboro, MD

$51,267 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 96% lower than JCM Associates, Inc.'s reported 300 employees, and received an average PPP loan of $154,981, 96% lower than this company's loan of $3.76M.

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.

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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