PPP Loan Data — King Capital & Real Estate LLC, Fresno, CA
King Capital & Real Estate LLC is a limited liability company (LLC) located in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $25,328.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
King Capital & Real Estate LLC in Fresno, CA received a Paycheck Protection Loan of $25,328 through Bank of America, 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 April, 2021.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.
Reported PPP Proceed Usage:
On the PPP application, King Capital & Real Estate LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,328
Business Information - King Capital & Real Estate LLC in Fresno, CA
* Full address is redacted to protect the privacy of individuals.
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fresno
In the Fresno area, 85 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 1) and received an average PPP loan of $25,206 (compared to this company's $25,328).
Similar Nearby Businesses Who Received PPP Funding:
ROD Aluisi & Associates Real Estate
Michael S Mele Real Estate Agent
Jeff Zimmerman Real Estate Inc
Dart Group LTD
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, 100% higher than King Capital & Real Estate LLC's reported 1 employees, and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,328.
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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