PPP Loan Data — Mattabel Real Estate Services, LLC, Chevy Chase, MD
Mattabel Real Estate Services, LLC is a limited liability company (LLC) located at 3214 Coquelin Ter in Chevy Chase, Maryland that received a Coronavirus-related PPP loan from the SBA of $46,906.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Mattabel Real Estate Services, LLC in Chevy Chase, MD received a Paycheck Protection Loan of $46,906 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 February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Mattabel Real Estate Services, LLC's 2019 payroll expenses are estimated to be at least $225,149.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,050 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mattabel Real Estate Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,906
Business Information - Mattabel Real Estate Services, LLC in Chevy Chase, MD
3214 Coquelin Ter
Chevy Chase, MD 20815
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 Chevy Chase
In the Chevy Chase area, 205 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 3) and received an average PPP loan of $32,183 (compared to this company's $46,906).
Similar Nearby Businesses Who Received PPP Funding:
Ilene West Gordon Real Estate LLC
Chevy Chase, MD
Greysteel Holdings LLC
The Ford Group
Chevy Chase, MD
Deluxe Realty, LLC DBA Exit Deluxe Realty
Chevy Chase, MD
BNR Consulting Inc
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, 33% lower than Mattabel Real Estate Services, LLC's reported 3 employees, and received an average PPP loan of $22,469, 52% lower than this company's loan of $46,906.
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Footnotes & Information
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