PPP Loan Data — National Realty LLC, Reston, VA
National Realty LLC is a limited liability company (LLC) located at 11890 Sunrise Valley Dr in Reston, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Freedom Bank of Virginia
National Realty LLC in Reston, VA received a Paycheck Protection Loan of $25,000 through The Freedom Bank of Virginia, which was approved in April, 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.
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, National Realty LLC's 2019 payroll expenses are estimated to be at least $120,000.
Reported PPP Proceed Usage:
On the PPP application, National Realty LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - National Realty LLC in Reston, VA
11890 Sunrise Valley Dr
Reston, VA 20191
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Reston
In the Reston area, 70 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 $26,815 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Thomas Patrick Mulkerin Jr
Pamela Jones Inc
Elizabeth Ramos Ayala
CL Residential LLC
Collazo Realty Group, LLC
Mary Elizabeth Edmondson
Peggy Skrocki Realtor
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 National Realty LLC and received an average PPP loan of $22,469, 10% lower than this company's loan of $25,000.
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Footnotes & Information
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