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PPP Loan Data — Christopher Armas,
Newtown Square, PA
Christopher Armas
Entity: Sole Proprietorship
Industry: Offices of Real Estate Agents and Brokers
Location: Newtown Square, PA
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Christopher Armas is a sole proprietorship located in Newtown Square, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $9,700.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
$
PPP Loan Information
Loan #8687758310
Loan Size:
Jobs Retained:
1Loan Approved:
2021-01-29Loan Status:
Ongoing LoanLender:
Readycap Lending, LLCChristopher Armas in Newtown Square, PA received a Paycheck Protection Loan of $9,700 through Readycap Lending, LLC, 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.
Reported PPP Proceed Usage:
On the PPP application, Christopher Armas reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $9,700
Business Information - Christopher Armas in Newtown Square, PA
Newtown Square, 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: Unreported
Ethnicity: Unreported
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
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Christopher Armas.
Christopher Armas DBA Capital Commercial Real Estate Group
Offices of Real Estate Agents and Brokers
Justin M Flowers
Offices of Real Estate Agents and Brokers
Thomas Juliano
Offices of Real Estate Agents and Brokers
London Approach Inc
Professional Employer Organizations
Similar Companies near Newtown Square
In the Newtown Square area, 41 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $35,938 (compared to this company's $9,700).
Similar Nearby Businesses Who Received PPP Funding:
Khang Tran
Newtown Square, PA
MBD Realty
Newtown Square, PA
Thomas Groll
Penn Valley, PA
Mountain Beach, Inc
Newtown Square, PA
Paul Lipowicz
Penn Valley, PA
Ainlay Dixon
Newtown Square, PA
Christopher Armas DBA Capital Commercial Real Estate Group
Newtown Square, PA
Evans Zografakis
Newtown Square, PA
Industry PPP Comparison Statistics
Nationwide, 251,917 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.68B 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 Christopher Armas' reported 1 employees, and received an average PPP loan of $22,541, 132% higher than this company's loan of $9,700.
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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