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PPP Loan Data — PMC Property Group, Inc.,
Philadelphia, PA
PMC Property Group, Inc.
Entity: Corporation
Industry: Nonresidential Property Managers
Location: Philadelphia, PA
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PMC Property Group, Inc. is a corporation located at 1608 Walnut Street in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,417,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
228Loan Approved:
2020-04-13Lender:
FIRSTRUST SAVINGS BANKPMC Property Group, Inc. received a Paycheck Protection Loan of $3.42M through FIRSTRUST SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, PMC Property Group, Inc.'s total 2019 payroll expenses were approximately $16.4M in order to qualify for the PPP loan amount received.
Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $71,949 per employee1.
Business Information - PMC Property Group, Inc. in Philadelphia, PA
1608 Walnut Street
Philadelphia, PA 19103
Business Industry
Nonresidential Property Managers (NAICS code 531312)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-03Similar Companies near Philadelphia
In the Philadelphia area, 12 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 228) and received an average PPP loan of $452,066 (compared to this company's $3.42M).
Similar Nearby Businesses Who Received PPP Funding:
Pearl Properties Commercial Management LLC
Philadelphia, PA
8 Penn Center Owner LP
Philadelphia, PA
1650 Arch Partners LP
Philadelphia, PA
Equivest Development Inc
Philadelphia, PA
Brahin Managment Corp.
Philadelphia, PA
JFK Investment Associates, LP, I
Philadelphia, PA
Lejeune And Associates, LLC
Philadelphia, PA
Crown Two Penn Associates LP
Philadelphia, PA
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, 96% lower than PMC Property Group, Inc.'s reported 228 employees, and received an average PPP loan of $118,292, 97% lower than this company's loan of $3.42M.
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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