PPP Loan Data — Morton G. Thalhimer, Inc., Glen Allen, VA
Morton G. Thalhimer, Inc. is a corporation located at 11100 West Broad Street in Glen Allen, Virginia that received a Coronavirus-related PPP loan from the SBA of $5,326,500.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Morton G. Thalhimer, Inc. received a Paycheck Protection Loan of $5.33M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Morton G. Thalhimer, Inc.'s total 2019 payroll expenses were approximately $25.57M in order to qualify for the PPP loan amount received.
Based on their reported 424 jobs retained, this equals an estimated average yearly compensation of $60,300 per employee1.
Business Information - Morton G. Thalhimer, Inc. in Glen Allen, VA
11100 West Broad Street
Glen Allen, VA 23060
Nonresidential Property Managers (NAICS code 531312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-07
Similar Companies near Glen Allen
In the Glen Allen area, 2 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 311 employees (compared to this company's 424) and received an average PPP loan of $4,291,293 (compared to this company's $5.33M).
Similar Nearby Businesses Who Received PPP Funding:
Commonwealth Commercial Partners
Glen Allen, VA
Industry PPP Comparison Statistics
Nationwide, 7,563 businesses in the "Nonresidential Property Managers" industry received a total of $894,646,174.00 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 10 employees, 98% lower than Morton G. Thalhimer, Inc.'s reported 424 employees, and received an average PPP loan of $118,292, 98% lower than this company's loan of $5.33M.
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.
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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