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PPP Loan Data — Metropolitan Cleaning LLC,
New York, NY
Metropolitan Cleaning LLC
Entity: Limited Liability Company (LLC)
Industry: Janitorial Services
Location: New York, NY
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Metropolitan Cleaning LLC is a limited liability company (LLC) located at 142 West 57th Street 18th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,265,112.00 in April, 2020.
$
PPP Loan Information
Loan #2176827105
Loan Size:
Jobs Retained:
203Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
TD Bank, National AssociationMetropolitan Cleaning LLC in New York, NY received a Paycheck Protection Loan of $3.27M through TD Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
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.
Read MoreUnderstanding 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 MoreBased 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, Metropolitan Cleaning LLC's 2019 payroll expenses are estimated to be at least $15.67M.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $77,205 per employee1
Reported PPP Proceed Usage:
On the PPP application, Metropolitan Cleaning LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,265,112
Business Information - Metropolitan Cleaning LLC in New York, NY
142 West 57th Street 18th Floor
New York, NY 10019
Business Industry:
Janitorial Services
NAICS code 561720
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
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Metropolitan Cleaning LLC.
Metropolitan Security Group LLC
Security Guards and Patrol Services
L&L Holding Company, LLC
Offices of Other Holding Companies
Similar Companies near New York
In the New York area, 36 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 203) and received an average PPP loan of $609,672 (compared to this company's $3.27M).
Similar Nearby Businesses Who Received PPP Funding:
CLA Commercial Cleaning LLC
New York, NY
I.h. Weiss Co. LTD
New York, NY
Heritage Maintenance Inc
New York, NY
Greenway USA Maintenance LLC
New York, NY
I. H. Weiss Co., LTD
New York, NY
Roomturn
New York, NY
Kacor Inc
New York, NY
First Quality Maintenance, Inc
New York, NY
Milbert Group Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 138,723 businesses in the "Janitorial Services" industry received a total of $4.3B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Metropolitan Cleaning LLC's reported 203 employees, and received an average PPP loan of $30,971, 99% lower than this company's loan of $3.27M.
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.
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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