PPP Loan Data — ORD Realty Group-Cactus Mountain Properties, Maricopa, AZ
ORD Realty Group-Cactus Mountain Properties is a limited liability company (LLC) located at 42863 W Misty Morning Ln in Maricopa, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,427.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
ORD Realty Group-Cactus Mountain Properties in Maricopa, AZ received a Paycheck Protection Loan of $25,427 through Bank of America, 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, ORD Realty Group-Cactus Mountain Properties' 2019 payroll expenses are estimated to be at least $122,050.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,683 per employee1
Reported PPP Proceed Usage:
On the PPP application, ORD Realty Group-Cactus Mountain Properties reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,427
Business Information - ORD Realty Group-Cactus Mountain Properties in Maricopa, AZ
42863 W Misty Morning Ln
Maricopa, AZ 85138
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 Maricopa
In the Maricopa area, 23 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 3) and received an average PPP loan of $9,297 (compared to this company's $25,427).
Similar Nearby Businesses Who Received PPP Funding:
First Realty Of America LLC
James Theodore Leonard PLLC
KNH Consulting And Sourcing
Ahwatukee Realty & Property Management 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 ORD Realty Group-Cactus Mountain Properties' reported 3 employees, and received an average PPP loan of $22,469, 12% lower than this company's loan of $25,427.
FederalPay's PPP Information Policy
Footnotes & Information
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