PPP Loan Data — Casey Sternsmith, Burlingame, CA
Casey Sternsmith is a sole proprietorship located at 1440 Chapin Ave Ste 200 in Burlingame, California that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Republic Bank
Casey Sternsmith in Burlingame, CA received a Paycheck Protection Loan of $25,300 through First Republic Bank, which was approved in April, 2020.
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.
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, Casey Sternsmith's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Casey Sternsmith reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Casey Sternsmith in Burlingame, CA
1440 Chapin Ave Ste 200
Burlingame, CA 94010
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Burlingame
In the Burlingame area, 119 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 4) and received an average PPP loan of $40,481 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Canas Realty, Inc
Marci Ilana Cohn
Links Group Investments Inc
Thomas Neel DBA Thomas Neel
Sherman, Clay & Co., LLC
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, 50% lower than Casey Sternsmith's reported 4 employees, and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,300.
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Footnotes & Information
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