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PPP Loan Data — Erbo Properties LLC,
New York, NY
Erbo Properties LLC
Entity: Limited Liability Company (LLC)
Industry: Other Activities Related to Real Estate
Location: New York, NY
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Erbo Properties LLC is a limited liability company (LLC) located at 541 West 21st Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,148,210.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 218 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
218Loan Approved:
2020-04-30Lender:
DIME COMMUNITY BANKErbo Properties LLC in New York, NY received a Paycheck Protection Loan of $4.15M through DIME COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Erbo Properties LLC's total 2019 payroll expenses were approximately $19.91M in order to qualify for the PPP loan amount received.
Based on their reported 218 jobs retained, this equals an estimated average yearly compensation of $91,337 per employee1.
Business Information - Erbo Properties LLC in New York, NY
541 West 21st Street
New York, NY 10011
Business Industry
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: NY-10Similar Companies near New York
In the New York area, 67 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 218) and received an average PPP loan of $172,973 (compared to this company's $4.15M).
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Industry PPP Comparison Statistics
Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Erbo Properties LLC's reported 218 employees, and received an average PPP loan of $62,929, 98% lower than this company's loan of $4.15M.
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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