PPP Loan Data — Platinum Real Estate Group, LLC, Omaha, NE
Platinum Real Estate Group, LLC is a limited liability company (LLC) located at 5900 S 77th St in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $25,099.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Platinum Real Estate Group, LLC in Omaha, NE received a Paycheck Protection Loan of $25,099 through Enterprise Bank, 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 May, 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, Platinum Real Estate Group, LLC's 2019 payroll expenses are estimated to be at least $120,475.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,119 per employee1
Reported PPP Proceed Usage:
On the PPP application, Platinum Real Estate Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,099
Business Information - Platinum Real Estate Group, LLC in Omaha, NE
5900 S 77th St
Omaha, NE 68127
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Omaha
In the Omaha area, 3 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $16,833 (compared to this company's $25,099).
Similar Nearby Businesses Who Received PPP Funding:
Roberts Family Partnership
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 100% higher than Platinum Real Estate Group, LLC's reported 4 employees, and received an average PPP loan of $70,456, 181% higher than this company's loan of $25,099.
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Footnotes & Information
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