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PPP Loan Data — Priderock Capital Management, LLC,
West Palm Beach, FL
Priderock Capital Management, LLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Real Estate Agents and Brokers
Location: West Palm Beach, FL
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Priderock Capital Management, LLC is a limited liability company (LLC) located at 525 Okeechobee Blvd in West Palm Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $4,432,953.00 in April, 2020.
$
PPP Loan Information
Loan #2976187101
Loan Size:
Jobs Retained:
418Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
KeyBank National AssociationPriderock Capital Management, LLC in West Palm Beach, FL received a Paycheck Protection Loan of $4.43M through KeyBank National Association, 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 September, 2021.
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, Priderock Capital Management, LLC's 2019 payroll expenses are estimated to be at least $21.28M.
Based on their reported 418 jobs retained, this equals an estimated average yearly compensation of $50,905 per employee1
Reported PPP Proceed Usage:
On the PPP application, Priderock Capital Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,432,953
Business Information - Priderock Capital Management, LLC in West Palm Beach, FL
525 Okeechobee Blvd
West Palm Beach, FL 33401
Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Priderock Capital Management, LLC.
Priderock Capital Partners, LLC
Residential Property Managers
Similar Companies near West Palm Beach
In the West Palm Beach area, 86 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 418) and received an average PPP loan of $79,221 (compared to this company's $4.43M).
Similar Nearby Businesses Who Received PPP Funding:
Reliance Real Estate Group LLC
West Palm Beach, FL
Distinctive Realty Group LLC
West Palm Beach, FL
Neil Merin
West Palm Beach, FL
North American Realty Services, LLLP
West Palm Beach, FL
Jack Rothstein
West Palm Beach, FL
The Global Real Estate Group Inc
West Palm Beach, FL
Cindee Taree Lavy, LLC
West Palm Beach, FL
James Madalone
West Palm Beach, FL
Exit Experts, LLC
West Palm Beach, FL
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, 100% lower than Priderock Capital Management, LLC's reported 418 employees, and received an average PPP loan of $22,541, 99% lower than this company's loan of $4.43M.
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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