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PPP Loan Data — Professional Maintenance And Management Inc, Rockville, MD

SBA PPP loan data, payroll data, and salaries for Professional Maintenance And Management Inc
MD

Professional Maintenance And Management Inc

Entity: Corporation

Industry: Facilities Support Services

Location: Rockville, MD

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Professional Maintenance And Management Inc is a corporation located at 15938 Derwood Road in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,432,770.00 in April, 2020.

$ PPP Loan Information
Loan #4711257200

Loan Size:

$2.43M

Jobs Retained:

500

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

EagleBank

Professional Maintenance And Management Inc in Rockville, MD received a Paycheck Protection Loan of $2.43M through EagleBank, 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 July, 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, Professional Maintenance And Management Inc's 2019 payroll expenses are estimated to be at least $11.68M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $23,355 per employee1

Reported PPP Proceed Usage:

On the PPP application, Professional Maintenance And Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,432,770
Because the loan received by Professional Maintenance And Management 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 - Professional Maintenance And Management Inc in Rockville, MD

Professional Maintenance And Management Inc
15938 Derwood Road
Rockville, MD 20855

Business Industry:
Facilities Support Services
NAICS code 561210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Montgomery County, MD — SBA Office 0353 — Congressional District: MD-06

Businesses Using Same Address:

There are 3 other businesses that received a PPP loan registered to the same address as Professional Maintenance And Management Inc.

Professional Maintenance Management Of Boca LLC
Facilities Support Services

$9,865 PPP Loan

PMM Facilities Management LLC
Facilities Support Services

$233,700 PPP Loan

At Once LLC
Facilities Support Services

$741,472 PPP Loan

Similar Companies near Rockville

In the Rockville area, 5 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 500) and received an average PPP loan of $686,583 (compared to this company's $2.43M).

Industry PPP Comparison Statistics

Nationwide, 5,138 businesses in the "Facilities Support Services" industry received a total of $629.1M 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 14 employees, 97% lower than Professional Maintenance And Management Inc's reported 500 employees, and received an average PPP loan of $122,440, 95% lower than this company's loan of $2.43M.

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.

Search FederalPay's Full PPP Loan Database

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/professional-maintenance-and-management-inc-rockville-md