PPP Loan Data — Kieran M Brew, Amagansett, NY
Kieran M Brew is a sole proprietorship located in Amagansett, New York that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Home Bank
Kieran M Brew in Amagansett, NY received a Paycheck Protection Loan of $24,900 through First Home Bank, which was approved in April, 2020.
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.
Reported PPP Proceed Usage:
On the PPP application, Kieran M Brew reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Kieran M Brew in Amagansett, NY
* Full address is redacted to protect the privacy of individuals.
Other Activities Related to Real Estate
NAICS code 531390
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
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 Kieran M Brew's reported 1 employees, and received an average PPP loan of $46,456, 87% higher than this company's loan of $24,900.
FederalPay's PPP Information Policy
Footnotes & Information
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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