PPP Loan Data — Phoenix Properties Management, Inc, Terrytown, LA
Phoenix Properties Management, Inc is a corporation located at 1801 Carol Sue Avenue in Terrytown, Louisiana that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Phoenix Properties Management, Inc in Terrytown, LA received a Paycheck Protection Loan of $47,000 through Regions Bank, 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, Phoenix Properties Management, Inc's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Phoenix Properties Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Phoenix Properties Management, Inc in Terrytown, LA
1801 Carol Sue Avenue
Terrytown, LA 70056
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Terrytown
In the Terrytown area, 8 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $45,755 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Alpha Testing And Inspection, Inc
Vieux Carre Food Management Services,
Hamdallah Hasan Kaki
Industry PPP Comparison Statistics
Nationwide, 44,947 businesses in the "Office Administrative Services" industry received a total of $2.36B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, the same amount reported by Phoenix Properties Management, Inc and received an average PPP loan of $52,468, 12% higher than this company's loan of $47,000.
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