PPP Loan Data — GNA Property Management Inc, Miami, FL
GNA Property Management Inc is a corporation located at 175 Nw 139th St in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $25,270.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
GNA Property Management Inc in Miami, FL received a Paycheck Protection Loan of $25,270 through Bank of America, National Association, which was approved in May, 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 April, 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, GNA Property Management Inc's 2019 payroll expenses are estimated to be at least $121,296.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,328 per employee1
Reported PPP Proceed Usage:
On the PPP application, GNA Property Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,270
Business Information - GNA Property Management Inc in Miami, FL
175 Nw 139th St
Miami, FL 33168
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 83 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 7) and received an average PPP loan of $29,935 (compared to this company's $25,270).
Similar Nearby Businesses Who Received PPP Funding:
Connecting Through Jessica LLC
Miami Gardens, FL
Tiktin Real Estate Investment Services, Inc
North Miami, FL
North Miami Beach, FL
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B 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, 71% lower than GNA Property Management Inc's reported 7 employees, and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,270.
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.
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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