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PPP Loan Data — PMS II Inc, Yazoo City, MS

SBA PPP loan data, payroll data, and salaries for PMS II Inc
MS

PMS II Inc

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: Yazoo City, MS

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PMS II Inc is a corporation located at 286 Wyeth Ln in Yazoo City, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,321.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.

$ PPP Loan Information
Loan #8959047209

Loan Size:

$25,321

Jobs Retained:

9

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Trustmark National Bank

PMS II Inc in Yazoo City, MS received a Paycheck Protection Loan of $25,321 through Trustmark National Bank, 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 May, 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 More
Understanding 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 More

Based 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, PMS II Inc's 2019 payroll expenses are estimated to be at least $121,541.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,505 per employee1

Reported PPP Proceed Usage:

On the PPP application, PMS II Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,321

Business Information - PMS II Inc in Yazoo City, MS

PMS II Inc
286 Wyeth Ln
Yazoo City, MS 39194

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Yazoo County, MS — SBA Office 0470 — Congressional District: MS-02

Similar Companies near Yazoo City

In the Yazoo City area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 9) and received an average PPP loan of $39,917 (compared to this company's $25,321).

Industry PPP Comparison Statistics

Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 23 employees, 156% higher than PMS II Inc's reported 9 employees, and received an average PPP loan of $168,829, 567% higher than this company's loan of $25,321.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/pms-ii-inc-yazoo-city-ms