PPP Loan Data — IRG Realty Advisor, LLC, Richfield, OH
IRG Realty Advisor, LLC is a limited liability company (LLC) located at 4020 Kingross Lakes Parkway in Richfield, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,450,700.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 157 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
IRG Realty Advisor, LLC received a Paycheck Protection Loan of $2.45M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, IRG Realty Advisor, LLC's total 2019 payroll expenses were approximately $11.76M in order to qualify for the PPP loan amount received.
Based on their reported 157 jobs retained, this equals an estimated average yearly compensation of $74,926 per employee1.
Business Information - IRG Realty Advisor, LLC in Richfield, OH
4020 Kingross Lakes Parkway
Richfield, OH 44286
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: OH-11
Similar Companies near Richfield
In the Richfield area, 3 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 157) and received an average PPP loan of $825,070 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
The Symphony Group, LLC
Industry PPP Comparison Statistics
Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 97% lower than IRG Realty Advisor, LLC's reported 157 employees, and received an average PPP loan of $62,929, 97% lower than this company's loan of $2.45M.
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.
Footnotes & Information
1. 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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