PPP Loan Data — Mcmillan Realty, Atlanta, GA
Mcmillan Realty is a corporation located at 3953 Stovall Ter Ne in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,368.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Mcmillan Realty in Atlanta, GA received a Paycheck Protection Loan of $25,368 through Wells Fargo Bank, National Association, which was approved in May, 2020.
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, Mcmillan Realty's 2019 payroll expenses are estimated to be at least $121,766.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,883 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mcmillan Realty reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,368
Business Information - Mcmillan Realty in Atlanta, GA
3953 Stovall Ter Ne
Atlanta, GA 30342
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 156 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 2) and received an average PPP loan of $27,450 (compared to this company's $25,368).
Similar Nearby Businesses Who Received PPP Funding:
B Alan Frericks Property Group LLC
Exquisite Homes Atlanta LLC
Oliver Lee Homes LLC
Kennon Consulting LLC
Sandy Springs, GA
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, the same amount reported by Mcmillan Realty and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,368.
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Footnotes & Information
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