PPP Loan Data — Dante Rosa Home Loans, LLC, Shelby Twp, MI
Dante Rosa Home Loans, LLC is a limited liability company (LLC) located at 8155 Annsbury Dr. #102 in Shelby Twp, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Level One Bank
Dante Rosa Home Loans, LLC in Shelby Twp, MI received a Paycheck Protection Loan of $25,400 through Level One Bank, 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 May, 2021.
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, Dante Rosa Home Loans, LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dante Rosa Home Loans, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Dante Rosa Home Loans, LLC in Shelby Twp, MI
8155 Annsbury Dr. #102
Shelby Twp, MI 48316
Real Estate Credit
NAICS code 522292
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Shelby Twp
In the Shelby Twp area, 4 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 4) and received an average PPP loan of $197,456 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Dante Rosa Home Loans LLC
Shelby Township, MI
Simple Home Lending LLC
Homesite Mortgage, LLC
Shelby Township, MI
Industry PPP Comparison Statistics
Nationwide, 3,832 businesses in the "Real Estate Credit" industry received a total of $627.92M 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 12 employees, 200% higher than Dante Rosa Home Loans, LLC's reported 4 employees, and received an average PPP loan of $163,863, 545% higher than this company's loan of $25,400.
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Footnotes & Information
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