PPP Loan Data — Aperto Property Management Inc, Irvine, CA
Aperto Property Management Inc is a subchapter s corporation located at 2 Venture Ste 515 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $3,405,200.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST REPUBLIC BANK
Aperto Property Management Inc received a Paycheck Protection Loan of $3.41M through FIRST REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Aperto Property Management Inc's total 2019 payroll expenses were approximately $16.34M in order to qualify for the PPP loan amount received.
Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $55,976 per employee1.
Business Information - Aperto Property Management Inc in Irvine, CA
2 Venture Ste 515
Irvine, CA 92618
Nonresidential Property Managers (NAICS code 531312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: CA-45
Similar Companies near Irvine
In the Irvine area, 4 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 292) and received an average PPP loan of $964,663 (compared to this company's $3.41M).
Similar Nearby Businesses Who Received PPP Funding:
Twelve Springs, LLC
Level Asset Management Inc.
Lee & Associates Commercial Real Estate Services Inc,-Irvine
Industry PPP Comparison Statistics
Nationwide, 7,563 businesses in the "Nonresidential Property Managers" industry received a total of $894,646,174.00 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 10 employees, 97% lower than Aperto Property Management Inc's reported 292 employees, and received an average PPP loan of $118,292, 97% lower than this company's loan of $3.41M.
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.
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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