PPP Loan Data — Grand Allure Home Group LLC, Mooresville, NC
Grand Allure Home Group LLC is a limited liability company (LLC) located at 176 Old Post Rd in Mooresville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Grand Allure Home Group LLC in Mooresville, NC received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Grand Allure Home Group LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grand Allure Home Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Grand Allure Home Group LLC in Mooresville, NC
176 Old Post Rd
Mooresville, NC 28117
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Mooresville
In the Mooresville area, 96 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 4) and received an average PPP loan of $19,321 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Nagy Realty LLC
Babington Realty, LLC
Angela Cook, LLC
Village Real Estate Group Inc
ABC Realty Services Inc
Langtree Real Estate Group LLC
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, 50% lower than Grand Allure Home Group LLC's reported 4 employees, and received an average PPP loan of $22,469, 10% lower than this company's loan of $25,000.
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Footnotes & Information
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