PPP Loan Data — Blake Real Estate, Inc, Washington, DC
Blake Real Estate, Inc is a corporation located at 1150 Connecticut Avenue, Nw Suite 900 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $1,534,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Capital Bank, National Association
Blake Real Estate, Inc in Washington, DC received a Paycheck Protection Loan of $1.53M through Capital Bank, 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 January, 2021.
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, Blake Real Estate, Inc's 2019 payroll expenses are estimated to be at least $7.36M.
Based on their reported 81 jobs retained, this equals an estimated average yearly compensation of $90,921 per employee1
Reported PPP Proceed Usage:
On the PPP application, Blake Real Estate, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,534,300
Business Information - Blake Real Estate, Inc in Washington, DC
1150 Connecticut Avenue, Nw Suite 900
Washington, DC 20036
Lessors of Other Real Estate Property
NAICS code 531190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 2 businesses in the "Lessors of Other Real Estate Property" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 81) and received an average PPP loan of $777,566 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 16,619 businesses in the "Lessors of Other Real Estate Property" industry received a total of $806.44M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 94% lower than Blake Real Estate, Inc's reported 81 employees, and received an average PPP loan of $48,525, 97% lower than this company's loan of $1.53M.
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Footnotes & Information
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