PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Harold Real Estate Holdings LLC, Norfolk, VA

ALERT: There are 2 PPP loans for a total of $45,512 in our database for businesses with the name "Harold Real Estate Holdings LLC" in Norfolk, VA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Harold Real Estate Holdings LLC
VA

Harold Real Estate Holdings LLC

Entity: Limited Liability Company (LLC)

Industry: Residential Remodelers

Location: Norfolk, VA

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Harold Real Estate Holdings LLC is a limited liability company (LLC) located in Norfolk, Virginia that received a Coronavirus-related PPP loan from the SBA of $20,512.00 in June, 2021.

$ PPP Loan Information
Loan #1168849109

Loan Size:

$20,512

Jobs Retained:

1

Loan Approved:

2021-06-29

Loan Status:

Active Un-Disbursed

Lender:

Atlantic Union Bank
PPP Funds Undisbursed

Harold Real Estate Holdings LLC in Norfolk, VA received a Paycheck Protection Loan of $20,512 through Atlantic Union Bank, which was approved in June, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $20,512 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in June, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Harold Real Estate Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,512

Business Information - Harold Real Estate Holdings LLC in Norfolk, VA

Harold Real Estate Holdings LLC
Norfolk, VA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Residential Remodelers
NAICS code 236118

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Norfolk City County, VA — SBA Office 0304 — Congressional District: VA-03

Similar Companies near Norfolk

In the Norfolk area, 35 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $22,054 (compared to this company's $20,512).

Industry PPP Comparison Statistics

Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 3 employees, 200% higher than Harold Real Estate Holdings LLC's reported 1 employees, and received an average PPP loan of $30,405, 48% higher than this company's loan of $20,512.

SBA PPP loan data, payroll data, and salaries for Harold Real Estate Holdings LLC
VA

Harold Real Estate Holdings LLC

Entity: Limited Liability Company (LLC)

Industry: Other Activities Related to Real Estate

Location: Norfolk, VA

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Harold Real Estate Holdings LLC is a limited liability company (LLC) located in Norfolk, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.

$ PPP Loan Information
Loan #9978817204

Loan Size:

$25,000

Jobs Retained:

1

Loan Approved:

2020-04-28

Loan Status:

Ongoing Loan

Lender:

Atlantic Union Bank
Likely Employment Reduction3

Harold Real Estate Holdings LLC in Norfolk, VA received a Paycheck Protection Loan of $25,000 through Atlantic Union Bank, which was approved in April, 2020.

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.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Harold Real Estate Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,000

Business Information - Harold Real Estate Holdings LLC in Norfolk, VA

Harold Real Estate Holdings LLC
Norfolk, VA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Norfolk City County, VA — SBA Office 0304 — Congressional District: VA-03

Similar Companies near Norfolk

In the Norfolk area, 10 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $14,289 (compared to this company's $25,000).

Industry PPP Comparison Statistics

Nationwide, 79,334 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.69B 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 4 employees, 300% higher than Harold Real Estate Holdings LLC's reported 1 employees, and received an average PPP loan of $46,456, 86% higher than this company's loan of $25,000.

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.

Search FederalPay's Full PPP Loan Database

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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/harold-real-estate-holdings-llc-norfolk-va