PPP Loan Data — Real Estate Advisors, Inc, Newmarket, NH
Real Estate Advisors, Inc is a corporation located at 76 Exeter Rd in Newmarket, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $46,318.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Real Estate Advisors, Inc in Newmarket, NH received a Paycheck Protection Loan of $46,318 through Profile 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 February, 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, Real Estate Advisors, Inc's 2019 payroll expenses are estimated to be at least $222,326.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,465 per employee1
Reported PPP Proceed Usage:
On the PPP application, Real Estate Advisors, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,318
Business Information - Real Estate Advisors, Inc in Newmarket, NH
76 Exeter Rd
Newmarket, NH 3857
Lessors of Other Real Estate Property
NAICS code 531190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 16,619 businesses in the "Lessors of Other Real Estate Property" industry received a total of $806.44M 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 5 employees, the same amount reported by Real Estate Advisors, Inc and received an average PPP loan of $48,525, 5% higher than this company's loan of $46,318.
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Footnotes & Information
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