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PPP Loan Data — Argent Management LLC,
Irvine, CA
Argent Management LLC
Entity: Limited Liability Company (LLC)
Industry: Other Activities Related to Real Estate
Location: Irvine, CA
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Argent Management LLC is a limited liability company (LLC) located at 2392 Morse Ave in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $1,159,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
64Loan Approved:
2020-04-30Lender:
PACIFIC ENTERPRISE BANKArgent Management LLC received a Paycheck Protection Loan of $1.16M through PACIFIC ENTERPRISE BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Argent Management LLC's total 2019 payroll expenses were approximately $5.57M in order to qualify for the PPP loan amount received.
Based on their reported 64 jobs retained, this equals an estimated average yearly compensation of $86,955 per employee1.
Business Information - Argent Management LLC in Irvine, CA
2392 Morse Ave
Irvine, CA 92614
Business Industry
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-45Similar Companies near Irvine
In the Irvine area, 22 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 64) and received an average PPP loan of $420,261 (compared to this company's $1.16M).
Similar Nearby Businesses Who Received PPP Funding:
Global Premier Development, Inc.
Irvine, CA
Investment Property Group
Irvine, CA
Global Premier America LLC
Irvine, CA
Arius Holdings, Inc.
Irvine, CA
Harmony Escrow Inc
Irvine, CA
Sagorin, Inc.
Irvine, CA
A. L. Farley Consulting
Irvine, CA
GreatcollectionsCom, LLC
Irvine, CA
Industry PPP Comparison Statistics
Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 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, 92% lower than Argent Management LLC's reported 64 employees, and received an average PPP loan of $62,929, 95% lower than this company's loan of $1.16M.
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.
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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