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PPP Loan Data — Morton G. Thalhimer, Inc., Glen Allen, VA

SBA PPP loan data, payroll data, and salaries for Morton G. Thalhimer, Inc.
VA

Morton G. Thalhimer, Inc.

Entity: Corporation

Industry: Nonresidential Property Managers

Location: Glen Allen, VA

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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

Loan Size:

$5.33M

Jobs Retained:

424

Loan Approved:

2020-04-10

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.

Because the loan received by Morton G. Thalhimer, 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 - Morton G. Thalhimer, Inc. in Glen Allen, VA

Morton G. Thalhimer, Inc.
11100 West Broad Street
Glen Allen, VA 23060

Business Industry

Nonresidential Property Managers (NAICS code 531312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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

$3.26M PPP Loan

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/morton-g-thalhimer-inc-glen-allen-va