PPP Loan Data — Great American Realty & Investments, Inc, Inverness, FL
Great American Realty & Investments, Inc is a corporation located at 1110 Sterling Rd in Inverness, Florida that received a Coronavirus-related PPP loan from the SBA of $25,105.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Great American Realty & Investments, Inc in Inverness, FL received a Paycheck Protection Loan of $25,105 through Customers Bank, which was approved in May, 2020.
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, Great American Realty & Investments, Inc's 2019 payroll expenses are estimated to be at least $120,504.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,252 per employee1
Reported PPP Proceed Usage:
On the PPP application, Great American Realty & Investments, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,105
Business Information - Great American Realty & Investments, Inc in Inverness, FL
1110 Sterling Rd
Inverness, FL 34450
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: Urban
Similar Companies near Inverness
In the Inverness area, 15 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 $14,520 (compared to this company's $25,105).
Similar Nearby Businesses Who Received PPP Funding:
Rclt Citrus LLC
Barbara Mills PA
Citrus Mortgage Associates, LLC
Joanna R Morris PLLC
Lindsey Joy Mounsey LLC
American Realty & Investments Of Citrus County Inc
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, the same amount reported by Great American Realty & Investments, Inc and received an average PPP loan of $22,469, 10% lower than this company's loan of $25,105.
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Footnotes & Information
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