FederalPay.org
PPP Loan Data — Bond Retail Inc,
San Francisco, CA
Bond Retail Inc
Entity: Subchapter S Corporation
Industry: Offices of Real Estate Agents and Brokers
Location: San Francisco, CA
Tweet This
•
Search All PPP Data
Bond Retail Inc is a subchapter s corporation located at 5 3rd St in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $72,665.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #4767948310
Loan Size:
Jobs Retained:
3Loan Approved:
2021-01-23Loan Status:
Ongoing LoanLender:
First Republic BankBond Retail Inc in San Francisco, CA received a Paycheck Protection Loan of $72,665 through First Republic Bank, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 3 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 3. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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 MoreUnderstanding 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 MoreBased 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, Bond Retail Inc's 2019 payroll expenses are estimated to be at least $348,792 (not accounting for salary amounts > $100k).
Because the 3 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Bond Retail Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $72,662
- Utilities: $1
Business Information - Bond Retail Inc in San Francisco, CA
5 3rd St
San Francisco, CA 94103
Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Francisco
In the San Francisco area, 72 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 3) and received an average PPP loan of $45,568 (compared to this company's $72,665).
Similar Nearby Businesses Who Received PPP Funding:
AHK International LTD
San Francisco, CA
Mansbach Associates Inc
San Francisco, CA
Bill Williams Real Estate Agent Inc
San Francisco, CA
Bill Harkins Brokerage, Inc
San Francisco, CA
Room By Room Home Staging & Interior Design, Inc
San Francisco, CA
Real Wealth Network, LLC
San Francisco, CA
David Levy
San Francisco, CA
Jane Dinh
San Francisco, CA
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B 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, 33% lower than Bond Retail Inc's reported 3 employees, and received an average PPP loan of $22,469, 69% lower than this company's loan of $72,665.
Bond Retail Inc
Entity: Subchapter S Corporation
Industry: Lessors of Residential Buildings and Dwellings
Location: San Francisco, CA
Tweet This
•
Search All PPP Data
Bond Retail Inc is a subchapter s corporation located at 5 3rd St in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $72,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #4054827204
Loan Size:
Jobs Retained:
3Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
First Republic BankBond Retail Inc in San Francisco, CA received a Paycheck Protection Loan of $72,600 through First Republic Bank, 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 June, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 3 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 3. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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 MoreUnderstanding 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 MoreBased 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, Bond Retail Inc's 2019 payroll expenses are estimated to be at least $348,480 (not accounting for salary amounts > $100k).
Because the 3 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Bond Retail Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $72,600
Business Information - Bond Retail Inc in San Francisco, CA
5 3rd St
San Francisco, CA 94103
Business Industry:
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Francisco
In the San Francisco area, 35 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 3) and received an average PPP loan of $413,447 (compared to this company's $72,600).
Similar Nearby Businesses Who Received PPP Funding:
Rincon Investment Group Inc
San Francisco, CA
777 Broadway LP
San Francisco, CA
Northpoint Investors
San Francisco, CA
Arthur Zanello DBA Zanello Properties
San Francisco, CA
Rexidence Residential Services Limited Liability Company
San Francisco, CA
SJK Development Inc
San Francisco, CA
Impact Development Group
San Francisco, CA
Quest Bllue LLC
San Francisco, CA
PHI Associates LP
San Francisco, CA
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 167% higher than Bond Retail Inc's reported 3 employees, and received an average PPP loan of $70,456, 3% lower than this company's loan of $72,600.
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. 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.
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!