PPP Loan Data — Common Interest Management Holdings, LLC, Danville, CA
Common Interest Management Holdings, LLC is a limited liability company (LLC) located at 315 Diablo Rd Ste 221 in Danville, California that received a Coronavirus-related PPP loan from the SBA of $2,545,700.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST REPUBLIC BANK
Common Interest Management Holdings, LLC in Danville, CA received a Paycheck Protection Loan of $2.55M through FIRST REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Common Interest Management Holdings, LLC's total 2019 payroll expenses were approximately $12.22M in order to qualify for the PPP loan amount received.
Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $68,648 per employee1.
Business Information - Common Interest Management Holdings, LLC in Danville, CA
315 Diablo Rd Ste 221
Danville, CA 94526
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: CA-11
Similar Companies near Danville
In the Danville area, 8 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 178) and received an average PPP loan of $379,035 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Syntero Property Services Inc
Pearson Property Management, Inc.
Cyrus J. Boga
Jean Bates & Associates
Bay Capital, Inc.
Crow Canyon Realtors, Inc.
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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, 94% lower than Common Interest Management Holdings, LLC's reported 178 employees, and received an average PPP loan of $114,517, 96% lower than this company's loan of $2.55M.
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.
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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