PPP Loan Data — Kamin Realty Company Inc, Pittsburgh, PA
Kamin Realty Company Inc is a corporation located at 401 Shady Ave, Ste A101, 1st Floor in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Kamin Realty Company Inc in Pittsburgh, PA received a Paycheck Protection Loan of $25,000 through PNC Bank, 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 February, 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, Kamin Realty Company Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kamin Realty Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Kamin Realty Company Inc in Pittsburgh, PA
401 Shady Ave, Ste A101, 1st Floor
Pittsburgh, PA 15206
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pittsburgh
In the Pittsburgh area, 24 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $65,039 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Cummings Brothers LLC
L&M Property Management LLC
Finney Investments And Estates
Jennifer Perrino, Realtor
Allegheny Housing Rehab Corp
Grand View Realty Services, 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, the same amount reported by Kamin Realty Company Inc 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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