PPP Loan Data — Flow Property Management, Covington, KY
Flow Property Management is a limited liability company (LLC) located at 6 E 5th St. Ste 401 in Covington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $46,157.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Flow Property Management in Covington, KY received a Paycheck Protection Loan of $46,157 through U.S. Bank, National Association, 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, Flow Property Management's 2019 payroll expenses are estimated to be at least $221,554.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,311 per employee1
Reported PPP Proceed Usage:
On the PPP application, Flow Property Management reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,157
Business Information - Flow Property Management in Covington, KY
6 E 5th St. Ste 401
Covington, KY 41011
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Covington
In the Covington area, 7 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $96,954 (compared to this company's $46,157).
Similar Nearby Businesses Who Received PPP Funding:
Blue Chip Rental Properties LLC
Ft Mitchell, KY
Legacy Management Company, LLC
Ft Wright, KY
Guardian Management Company Inc
Ft Wright, KY
Commercial Apartment Properties LLC
Industry PPP Comparison Statistics
Nationwide, 36,628 businesses in the "Residential Property Managers" industry received a total of $3.05B 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 9 employees, 80% higher than Flow Property Management's reported 5 employees, and received an average PPP loan of $83,394, 81% higher than this company's loan of $46,157.
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Footnotes & Information
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