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PPP Loan Data — Casoro Group LLC,
Austin, TX
Casoro Group LLC
Entity: Limited Liability Company (LLC)
Industry: Other Activities Related to Real Estate
Location: Austin, TX
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Casoro Group LLC is a limited liability company (LLC) located at 9050 320 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $1,768,672.00 in February, 2021.
$
PPP Loan Information
Loan #6634758405
Loan Size:
Jobs Retained:
150Loan Approved:
2021-02-10Loan Status:
Ongoing LoanLender:
KeyBank National AssociationCasoro Group LLC in Austin, TX received a Paycheck Protection Loan of $1.77M through KeyBank National Association, which was approved in February, 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.
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, Casoro Group LLC's 2019 payroll expenses are estimated to be at least $8.49M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $56,598 per employee1
Reported PPP Proceed Usage:
On the PPP application, Casoro Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,768,670
- Utilities: $1
Business Information - Casoro Group LLC in Austin, TX
9050 320
Austin, TX 78759
Business Industry:
Other Activities Related to Real Estate
NAICS code 531390
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 45 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 150) and received an average PPP loan of $183,750 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
Sharon Renee Brummett, Realtor
Austin, TX
South Pass Development LLC
Austin, TX
Kris Calder Realty, LLC
Austin, TX
CS Management Inc
Austin, TX
Morningstar Technologies Co LTD
Austin, TX
JIN Lee
Austin, TX
Susan D. Mills DBA Abstracts/Trustees Of Texas LLC
Austin, TX
Halcyon Home LLC
Austin, TX
Agave Living LLC
Austin, TX
Industry PPP Comparison Statistics
Nationwide, 77,402 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.64B 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 4 employees, 97% lower than Casoro Group LLC's reported 150 employees, and received an average PPP loan of $47,089, 97% lower than this company's loan of $1.77M.
Casoro Group, LLC
Entity: Limited Liability Company (LLC)
Industry: Lessors of Residential Buildings and Dwellings
Location: Austin, TX
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Casoro Group, LLC is a limited liability company (LLC) located at 9050 N Capital Of Texas Hwy in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $3,149,021.00 in April, 2020.
$
PPP Loan Information
Loan #5600487103
Loan Size:
Jobs Retained:
160Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
KeyBank National AssociationCasoro Group, LLC in Austin, TX received a Paycheck Protection Loan of $3.15M through KeyBank 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 September, 2021.
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, Casoro Group, LLC's 2019 payroll expenses are estimated to be at least $15.12M.
Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $94,471 per employee1
Reported PPP Proceed Usage:
On the PPP application, Casoro Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,149,021
Business Information - Casoro Group, LLC in Austin, TX
9050 N Capital Of Texas Hwy
Austin, TX 78759
Business Industry:
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 11 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 160) and received an average PPP loan of $323,516 (compared to this company's $3.15M).
Similar Nearby Businesses Who Received PPP Funding:
Gbme LLC
Austin, TX
Avanta Management Group, In,
Austin, TX
Grapevine Salons - Central LLC
Austin, TX
Avanta Management Group Inc
Austin, TX
Witton Properties, LLC
Austin, TX
Legacy Properties LP
Austin, TX
Austin Synergy Group LLC
Austin, TX
TPS Longhorn Trs, LLC
Austin, TX
Industry PPP Comparison Statistics
Nationwide, 28,673 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, 95% lower than Casoro Group, LLC's reported 160 employees, and received an average PPP loan of $70,757, 98% lower than this company's loan of $3.15M.
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.
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