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PPP Loan Data — Latter & Blum Property Management, Inc.,
Baton Rouge, LA
Latter & Blum Property Management, Inc.
Entity: Subchapter S Corporation
Industry: Residential Property Managers
Location: Baton Rouge, LA
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Latter & Blum Property Management, Inc. is a subchapter s corporation located at 1700 City Farm Dr in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,807,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
308Loan Approved:
2020-04-15Lender:
HANCOCK WHITNEY BANKLatter & Blum Property Management, Inc. received a Paycheck Protection Loan of $2.81M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Latter & Blum Property Management, Inc.'s total 2019 payroll expenses were approximately $13.47M in order to qualify for the PPP loan amount received.
Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $43,749 per employee1.
Business Information - Latter & Blum Property Management, Inc. in Baton Rouge, LA
1700 City Farm Dr
Baton Rouge, LA 70806
Business Industry
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: LA-06Similar Companies near Baton Rouge
In the Baton Rouge area, 10 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 308) and received an average PPP loan of $300,342 (compared to this company's $2.81M).
Similar Nearby Businesses Who Received PPP Funding:
H&W Properties Management LLC
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J. T. Doiron, Inc.
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EPS Property Management Inc
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Michael D Doiron
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Magnolia Villas Of St. Gabriel
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New Foundation LLC
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Gibraltar Management Company, LLC
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Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 97% lower than Latter & Blum Property Management, Inc.'s reported 308 employees, and received an average PPP loan of $114,517, 96% lower than this company's loan of $2.81M.
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.
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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