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PPP Loan Data — City Gate Property Group LLC, Dallas, TX

SBA PPP loan data, payroll data, and salaries for City Gate Property Group LLC
TX

City Gate Property Group LLC

Entity: Limited Liability Company (LLC)

Industry: Nonresidential Property Managers

Location: Dallas, TX

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City Gate Property Group LLC is a limited liability company (LLC) located at 8111 Lyndon B Johnson Fwy in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $3,899,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 442 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.9M

Jobs Retained:

442

Loan Approved:

2020-04-12

Lender:

COMMUNITY BANKS OF COLORADO, A DIVISION OF

City Gate Property Group LLC in Dallas, TX received a Paycheck Protection Loan of $3.9M through COMMUNITY BANKS OF COLORADO, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, City Gate Property Group LLC's total 2019 payroll expenses were approximately $18.72M in order to qualify for the PPP loan amount received.

Based on their reported 442 jobs retained, this equals an estimated average yearly compensation of $42,349 per employee1.

Because the loan received by City Gate Property Group LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - City Gate Property Group LLC in Dallas, TX

City Gate Property Group LLC
8111 Lyndon B Johnson Fwy
Dallas, TX 75251

Business Industry

Nonresidential Property Managers (NAICS code 531312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-32

Similar Companies near Dallas

In the Dallas area, 6 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 442) and received an average PPP loan of $793,191 (compared to this company's $3.9M).

Industry PPP Comparison Statistics

Nationwide, 7,563 businesses in the "Nonresidential Property Managers" industry received a total of $894,646,174.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 98% lower than City Gate Property Group LLC's reported 442 employees, and received an average PPP loan of $118,292, 97% lower than this company's loan of $3.9M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/city-gate-property-group-llc-dallas-tx