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PPP Loan Data — Mobile Life Support Services, Inc., New Windsor, NY

SBA PPP loan data, payroll data, and salaries for Mobile Life Support Services, Inc.
NY

Mobile Life Support Services, Inc.

Entity: Corporation

Industry: Ambulance Services

Location: New Windsor, NY

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Mobile Life Support Services, Inc. is a corporation located at 3188 U.s. Rte. 9w in New Windsor, New York that received a Coronavirus-related PPP loan from the SBA of $3,456,242.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.46M

Jobs Retained:

445

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Mobile Life Support Services, Inc. in New Windsor, NY received a Paycheck Protection Loan of $3.46M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mobile Life Support Services, Inc.'s total 2019 payroll expenses were approximately $16.59M in order to qualify for the PPP loan amount received.

Based on their reported 445 jobs retained, this equals an estimated average yearly compensation of $37,281 per employee1.

Because the loan received by Mobile Life Support Services, 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 - Mobile Life Support Services, Inc. in New Windsor, NY

Mobile Life Support Services, Inc.
3188 U.s. Rte. 9w
New Windsor, NY 12553

Business Industry

Ambulance Services (NAICS code 621910)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-18

Industry PPP Comparison Statistics

Nationwide, 2,115 businesses in the "Ambulance Services" industry received a total of $665,909,225.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 37 employees, 92% lower than Mobile Life Support Services, Inc.'s reported 445 employees, and received an average PPP loan of $314,851, 91% lower than this company's loan of $3.46M.

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, 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mobile-life-support-services-inc-new-windsor-ny