PPP Loan Data — Premier Land Development Inc, Plymouth, MN
Premier Land Development Inc is a subchapter s corporation located at 5120 Terraceview Ln N in Plymouth, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,127.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Farmers State Bank of Hamel
Premier Land Development Inc in Plymouth, MN received a Paycheck Protection Loan of $25,127 through Farmers State Bank of Hamel, which was approved in January, 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, Premier Land Development Inc's 2019 payroll expenses are estimated to be at least $120,610.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,203 per employee1
Reported PPP Proceed Usage:
On the PPP application, Premier Land Development Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,127
Business Information - Premier Land Development Inc in Plymouth, MN
5120 Terraceview Ln N
Plymouth, MN 55446
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Plymouth
In the Plymouth area, 47 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 $16,951 (compared to this company's $25,127).
Similar Nearby Businesses Who Received PPP Funding:
Theos Doron LLC
Scates Real Estate, LLC
Brooklyn Park, MN
Penfield Group LLC
Dmurray Real Estate LLC
Brian Wasserman Cre Inc
Youngquist Real Estate Corp
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 Premier Land Development Inc's reported 3 employees, and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,127.
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Footnotes & Information
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