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PPP Loan Data — Brian Palme, Fort Washington, PA

SBA PPP loan data, payroll data, and salaries for Brian Palme
PA

Brian Palme

Entity: Independent Contractor

Industry: Offices of Real Estate Agents and Brokers

Location: Fort Washington, PA

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Brian Palme is an independent contractor located in Fort Washington, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,740.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6437348608

Loan Size:

$2,740

Jobs Retained:

1

Loan Approved:

2021-03-23

Loan Status:

Ongoing Loan

Lender:

Ambler Savings Bank

Brian Palme in Fort Washington, PA received a Paycheck Protection Loan of $2,740 through Ambler Savings Bank, which was approved in March, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Brian Palme reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,738
  • Utilities: $1

Business Information - Brian Palme in Fort Washington, PA

Brian Palme
Fort Washington, PA
* Full address is redacted to protect the privacy of individuals.

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

Business Owner Demographics

Race: White

Ethnicity: Not 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

Montgomery County, PA — SBA Office 0303 — Congressional District: PA-04

Similar Companies near Fort Washington

In the Fort Washington area, 24 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 1) and received an average PPP loan of $176,205 (compared to this company's $2,740).

Industry PPP Comparison Statistics

Nationwide, 256,397 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.76B 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, 100% higher than Brian Palme's reported 1 employees, and received an average PPP loan of $22,457, 720% higher than this company's loan of $2,740.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/brian-palme-fort-washington-pa