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PPP Loan Data — 29-76 Realty Co LLC, Long Island City, NY

SBA PPP loan data, payroll data, and salaries for 29-76 Realty Co LLC

29-76 Realty Co LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Real Estate Agents and Brokers

Location: Long Island City, NY

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29-76 Realty Co LLC is a limited liability company (LLC) located at 2976 Northern Blvd in Long Island City, New York that received a Coronavirus-related PPP loan from the SBA of $98,982.00 in April, 2020.

$ PPP Loan Information
Loan #3763557302

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Bank of America, National Association

29-76 Realty Co LLC in Long Island City, NY received a Paycheck Protection Loan of $98,982 through Bank of America, National Association, 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 October, 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, 29-76 Realty Co LLC's 2019 payroll expenses are estimated to be at least $475,114.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $59,389 per employee1

Reported PPP Proceed Usage:

On the PPP application, 29-76 Realty Co LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $98,982

Business Information - 29-76 Realty Co LLC in Long Island City, NY

29-76 Realty Co LLC
2976 Northern Blvd
Long Island City, NY 11101

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Queens County, NY — SBA Office 0202 — Congressional District: NY-12

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as 29-76 Realty Co LLC.

Trimaxion Fine Arts LLC
General Warehousing and Storage

$72,855 PPP Loan

The Fortune Society,Inc
Other Social Advocacy Organizations

$3.86M PPP Loan

Similar Companies near Long Island City

In the Long Island City area, 100 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 8) and received an average PPP loan of $28,116 (compared to this company's $98,982).

Industry PPP Comparison Statistics

Nationwide, 251,837 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.68B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 75% lower than 29-76 Realty Co LLC's reported 8 employees, and received an average PPP loan of $22,544, 77% lower than this company's loan of $98,982.

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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** This Document Provided By - The Civil Employee's Resource **