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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 Size:

$2.43M

Jobs Retained:

500

Loan Approved:

2020-04-27

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.

Based on standard PPP eligibility rules, Professional Maintenance And Management Inc's total 2019 payroll expenses were approximately $11.68M in order to qualify for the PPP loan amount received.

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

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 / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-06

Similar Companies near Rockville

In the Rockville area, 4 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 197 employees (compared to this company's 500) and received an average PPP loan of $854,452 (compared to this company's $2.43M).

Industry PPP Comparison Statistics

Nationwide, 1,765 businesses in the "Facilities Support Services" industry received a total of $434,144,705.00 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 22 employees, 96% lower than Professional Maintenance And Management Inc's reported 500 employees, and received an average PPP loan of $245,974, 90% 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, and is published unmodified, as provided by the SBA.

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