PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Equitas Real Estate LLC, Saratoga Springs, NY

ALERT: There are 2 PPP loans for a total of $31,840 in our database for businesses with the name "Equitas Real Estate LLC" in Saratoga Springs, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Equitas Real Estate LLC
NY

Equitas Real Estate LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Real Estate Agents and Brokers

Location: Saratoga Springs, NY

Search All PPP Data

Equitas Real Estate LLC is a limited liability company (LLC) located at 3065 Route 50 Ste 59 in Saratoga Springs, New York that received a Coronavirus-related PPP loan from the SBA of $13,440.00 in January, 2021.

$ PPP Loan Information
Loan #4831438305

Loan Size:

$13,440

Jobs Retained:

2

Loan Approved:

2021-01-23

Loan Status:

Paid in Full or Forgiven

Lender:

The Adirondack Trust Company

Equitas Real Estate LLC in Saratoga Springs, NY received a Paycheck Protection Loan of $13,440 through The Adirondack Trust Company, which was approved in January, 2021.

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 July, 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 More
Understanding 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 More

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, Equitas Real Estate LLC's 2019 payroll expenses are estimated to be at least $64,512.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $32,256 per employee1

Reported PPP Proceed Usage:

On the PPP application, Equitas Real Estate LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,433
  • Utilities: $1

Business Information - Equitas Real Estate LLC in Saratoga Springs, NY

Equitas Real Estate LLC
3065 Route 50 Ste 59
Saratoga Springs, NY 12866

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

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: N

Rural / Urban: Rural

Saratoga County, NY — SBA Office 0248 — Congressional District: NY-20

Similar Companies near Saratoga Springs

In the Saratoga Springs area, 73 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $20,309 (compared to this company's $13,440).

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, the same amount reported by Equitas Real Estate LLC and received an average PPP loan of $22,541, 68% higher than this company's loan of $13,440.

SBA PPP loan data, payroll data, and salaries for Equitas Real Estate LLC
NY

Equitas Real Estate LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Real Estate Agents and Brokers

Location: Saratoga Springs, NY

Search All PPP Data

Equitas Real Estate LLC is a limited liability company (LLC) located at 38 High Rock Ave in Saratoga Springs, New York that received a Coronavirus-related PPP loan from the SBA of $18,400.00 in April, 2020.

$ PPP Loan Information
Loan #8222907006

Loan Size:

$18,400

Jobs Retained:

2

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

The Adirondack Trust Company

Equitas Real Estate LLC in Saratoga Springs, NY received a Paycheck Protection Loan of $18,400 through The Adirondack Trust Company, 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 December, 2020.

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 More
Understanding 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 More

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, Equitas Real Estate LLC's 2019 payroll expenses are estimated to be at least $88,320.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $44,160 per employee1

Reported PPP Proceed Usage:

On the PPP application, Equitas Real Estate LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,400

Business Information - Equitas Real Estate LLC in Saratoga Springs, NY

Equitas Real Estate LLC
38 High Rock Ave
Saratoga Springs, NY 12866

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

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: N

Rural / Urban: Rural

Saratoga County, NY — SBA Office 0248 — Congressional District: NY-20

Similar Companies near Saratoga Springs

In the Saratoga Springs area, 73 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $20,309 (compared to this company's $18,400).

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, the same amount reported by Equitas Real Estate LLC and received an average PPP loan of $22,541, 23% higher than this company's loan of $18,400.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/equitas-real-estate-llc-saratoga-springs-ny