PPP Loan Data — Prestige Maintenance USA, LTD, Plano, TX
Prestige Maintenance USA, LTD is a limited liability partnership located at 1808 10th Street in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $9,063,300.00 in April, 2020.
$ PPP Loan Information
Prestige Maintenance USA, LTD received a Paycheck Protection Loan of $9.06M through COMERICA BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 46 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 435.
Based on standard PPP eligibility rules, Prestige Maintenance USA, LTD's total 2019 payroll expenses were approximately $43.5M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 46 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Prestige Maintenance USA, LTD in Plano, TX
1808 10th Street
Plano, TX 75094
Janitorial Services (NAICS code 561720)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-03
Similar Companies near Plano
In the Plano area, 8 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 46) and received an average PPP loan of $1,195,271 (compared to this company's $9.06M).
Similar Nearby Businesses Who Received PPP Funding:
KNB Partners Cleaning, LLC
Pine Star Plano LLC
G&G Apartment Services LLC
B And B Maids Cleaning Services Inc
Webbies Cleaning Services
Britton Building Maintenance Inc.
Industry PPP Comparison Statistics
Nationwide, 31,508 businesses in the "Janitorial Services" industry received a total of $2,265,370,248.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 74% lower than Prestige Maintenance USA, LTD's reported 46 employees, and received an average PPP loan of $71,898, 99% lower than this company's loan of $9.06M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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