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PPP Loan Data — Mclemore Building Maintenance, Inc., Houston, TX

SBA PPP loan data, payroll data, and salaries for Mclemore Building Maintenance, Inc.
TX

Mclemore Building Maintenance, Inc.

Entity: Corporation

Industry: Janitorial Services

Location: Houston, TX

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Mclemore Building Maintenance, Inc. is a corporation located at 110 Fargo Street in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $4,632,800.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.63M

Jobs Retained:

500

Loan Approved:

2020-05-07

Lender:

ZIONS BANK, A DIVISION OF

Mclemore Building Maintenance, Inc. received a Paycheck Protection Loan of $4.63M through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.

Based on standard PPP eligibility rules, Mclemore Building Maintenance, Inc.'s total 2019 payroll expenses were approximately $22.24M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $44,475 per employee1.

Because the loan received by Mclemore Building Maintenance, 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 - Mclemore Building Maintenance, Inc. in Houston, TX

Mclemore Building Maintenance, Inc.
110 Fargo Street
Houston, TX 77006

Business Industry

Janitorial Services (NAICS code 561720)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 5 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 500) and received an average PPP loan of $962,454 (compared to this company's $4.63M).

Industry PPP Comparison Statistics

Nationwide, 31,508 businesses in the "Janitorial Services" industry received a total of $2,265,370,248.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 98% lower than Mclemore Building Maintenance, Inc.'s reported 500 employees, and received an average PPP loan of $71,898, 98% lower than this company's loan of $4.63M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/mclemore-building-maintenance-inc-houston-tx