PPP Loan Data — Landmark Properties, Inc, Athens, GA
Landmark Properties, Inc is a corporation located at 315 Oconee St in Athens, Georgia that received a Coronavirus-related PPP loan from the SBA of $5,043,815.00 in April, 2020.
$ PPP Loan Information
Landmark Properties, Inc in Athens, GA received a Paycheck Protection Loan of $5.04M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Landmark Properties, Inc's total 2019 payroll expenses were approximately $24.21M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $48,421 per employee1.
Business Information - Landmark Properties, Inc in Athens, GA
315 Oconee St
Athens, GA 30601
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-09
Similar Companies near Athens
In the Athens area, 3 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 168 employees (compared to this company's 500) and received an average PPP loan of $1,691,185 (compared to this company's $5.04M).
Similar Nearby Businesses Who Received PPP Funding:
Peterson Property Maintenance Services LLC
Param Management 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, 99% lower than Landmark Properties, Inc's reported 500 employees, and received an average PPP loan of $62,929, 99% lower than this company's loan of $5.04M.
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, 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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