PPP Loan Data — TM Associates Management, Inc, Rockville, MD
TM Associates Management, Inc is a corporation located at 1375 Piccard Drive Suite 150 in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,011,207.00 in April, 2020.
$ PPP Loan Information Loan #8077977008
Loan Status:Ongoing Loan
Lender:Sandy Spring Bank
TM Associates Management, Inc in Rockville, MD received a Paycheck Protection Loan of $4.01M through Sandy Spring Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, TM Associates Management, Inc's 2019 payroll expenses are estimated to be at least $19.25M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $38,508 per employee1
Reported PPP Proceed Usage:
On the PPP application, TM Associates Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,011,207
Business Information - TM Associates Management, Inc in Rockville, MD
1375 Piccard Drive Suite 150
Rockville, MD 20850
Other Activities Related to Real Estate
NAICS code 531390
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rockville
In the Rockville area, 27 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 500) and received an average PPP loan of $298,067 (compared to this company's $4.01M).
Similar Nearby Businesses Who Received PPP Funding:
Central Star Ventures LLC
Juan C Granados
Bright Mls Inc
Home Direct LLC
Rock Grove Associates LP
Industry PPP Comparison Statistics
Nationwide, 62,709 businesses in the "Other Activities Related to Real Estate" industry received a total of $3,330,310,182.00 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 5 employees, 99% lower than TM Associates Management, Inc's reported 500 employees, and received an average PPP loan of $53,107, 99% lower than this company's loan of $4.01M.
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Footnotes & Information
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