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PPP Loan Data — NM Management, Inc,
Alexandria, VA
FRANCHISE
VANM Management, Inc
Entity: Corporation
Industry: Offices of Real Estate Agents and Brokers
Franchise: Century 21
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. This business is a Century 21 franchise.
The company has reported itself as a White male owned business, and employed at least 333 people during the applicable loan loan period.
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PPP Loan Information
Loan #6542667104
Loan Size:
Jobs Retained:
333Loan Approved:
2020-04-14Loan Status:
Ongoing LoanLender:
Presidential Bank, FSBNM Management, Inc in Alexandria, VA received a Paycheck Protection Loan of $3.88M through Presidential Bank, FSB, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, NM Management, Inc's 2019 payroll expenses are estimated to be at least $18.62M.
Based on their reported 333 jobs retained, this equals an estimated average yearly compensation of $55,928 per employee1
Reported PPP Proceed Usage:
On the PPP application, NM Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Utilities: $3,880,035
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: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Alexandria
In the Alexandria area, 88 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 333) and received an average PPP loan of $83,675 (compared to this company's $3.88M).
Similar Nearby Businesses Who Received PPP Funding:
Micki Macnaughton
Alexandria, VA
Julian Burke
Alexandria, VA
Beth Secrist
Alexandria, VA
Jillian Keck Hogan Group Inc
Alexandria, VA
Stone Wood Team LLC
Alexandria, VA
Goodfriend Real Estate LLC
Alexandria, VA
Javed B. Farooqi
Alexandria, VA
Kevin MA
Alexandria, VA
Dimitar LLC
Alexandria, VA
Industry PPP Comparison Statistics
Nationwide, 251,917 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.68B 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 $22,541, 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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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