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

PPP Loan Data — Kinetic Properties LLC, Villa Rica, GA

ALERT: There are 2 PPP loans for a total of $41,665 in our database for businesses with the name "Kinetic Properties LLC" in Villa Rica, GA. 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 Kinetic Properties LLC
GA

Kinetic Properties LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Real Estate Agents and Brokers

Location: Villa Rica, GA

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Kinetic Properties LLC is a limited liability company (LLC) located at 6004 Oakbrook Ct in Villa Rica, Georgia that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in January, 2021.

$ PPP Loan Information
Loan #8898718309

Loan Size:

$20,832

Jobs Retained:

4

Loan Approved:

2021-01-30

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Kinetic Properties LLC in Villa Rica, GA received a Paycheck Protection Loan of $20,832 through Bank of America, National Association, which was approved in January, 2021.

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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Kinetic Properties LLC's 2019 payroll expenses are estimated to be at least $99,994.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $24,999 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kinetic Properties LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,826
  • Utilities: $1

Business Information - Kinetic Properties LLC in Villa Rica, GA

Kinetic Properties LLC
6004 Oakbrook Ct
Villa Rica, GA 30180

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

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: N

HUBZone: N

Rural / Urban: Urban

Douglas County, GA — SBA Office 0405 — Congressional District: GA-13

Similar Companies near Villa Rica

In the Villa Rica area, 18 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 4) and received an average PPP loan of $15,952 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 206,037 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $4.98B 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, 50% lower than Kinetic Properties LLC's reported 4 employees, and received an average PPP loan of $24,148, 16% higher than this company's loan of $20,832.

SBA PPP loan data, payroll data, and salaries for Kinetic Properties, LLC
GA

Kinetic Properties, LLC

Entity: Limited Liability Company (LLC)

Industry: Lessors of Nonresidential Buildings (except Miniwarehouses)

Location: Villa Rica, GA

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Kinetic Properties, LLC is a limited liability company (LLC) located at 202 Bradley Street C-1 in Villa Rica, Georgia that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in May, 2020.

$ PPP Loan Information
Loan #5129257700

Loan Size:

$20,833

Jobs Retained:

6

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Kinetic Properties, LLC in Villa Rica, GA received a Paycheck Protection Loan of $20,833 through Bank of America, National Association, which was approved in May, 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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Kinetic Properties, LLC's 2019 payroll expenses are estimated to be at least $99,998.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $16,666 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kinetic Properties, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,833

Business Information - Kinetic Properties, LLC in Villa Rica, GA

Kinetic Properties, LLC
202 Bradley Street C-1
Villa Rica, GA 30135

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Douglas County, GA — SBA Office 0405 — Congressional District: GA-13

Similar Companies near Villa Rica

In the Villa Rica area, 12 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 6) and received an average PPP loan of $305,221 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 19,028 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.71B 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 10 employees, 67% higher than Kinetic Properties, LLC's reported 6 employees, and received an average PPP loan of $89,612, 330% higher than this company's loan of $20,833.

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.


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Source: www.federalpay.org/paycheck-protection-program/kinetic-properties-llc-villa-rica-ga