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PPP Loan Data — NM Management, Inc.,
Alexandria, VA
NM Management, Inc.
Entity: Corporation
Industry: Offices of Real Estate Agents and Brokers
Location: Alexandria, VA
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NM Management, Inc. is a corporation located at 5990 Kingstownw Towne Center in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,880,035.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 333 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
333Loan Approved:
2020-04-14Lender:
PRESIDENTIAL BANK, FSBNM Management, Inc. received a Paycheck Protection Loan of $3.88M through PRESIDENTIAL BANK, FSB, which was approved in April, 2020.
Based on standard PPP eligibility rules, NM Management, Inc.'s total 2019 payroll expenses were approximately $18.62M in order to qualify for the PPP loan amount received.
Based on their reported 333 jobs retained, this equals an estimated average yearly compensation of $55,928 per employee1.
Business Information - NM Management, Inc. in Alexandria, VA
5990 Kingstownw Towne Center
Alexandria, VA 22315
Business Industry
Offices of Real Estate Agents and Brokers (NAICS code 531210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: VA-08Similar Companies near Alexandria
In the Alexandria area, 46 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 333) and received an average PPP loan of $142,991 (compared to this company's $3.88M).
Similar Nearby Businesses Who Received PPP Funding:
Braddock Commercial Real Estates Solutions, LLC
Alexandria, VA
NMB Realty Group, LLC
Alexandria, VA
Donovan Kim Real Estate
Alexandria, VA
Muzaffar Mumtaz
Alexandria, VA
Mcenearney Associates, LLC
Alexandria, VA
Victoria Kilcullen
Alexandria, VA
Patricia Anne Wilson
Alexandria, VA
JUD Burke
Alexandria, VA
Nellis Group Enterprises Inc
Alexandria, VA
Industry PPP Comparison Statistics
Nationwide, 123,031 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $3,483,797,893.00 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, 99% lower than NM Management, Inc.'s reported 333 employees, and received an average PPP loan of $28,316, 99% lower than this company's loan of $3.88M.
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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