PPP Loan Data — Realty One Group Inc, Gilbert, AZ
Realty One Group Inc is a corporation located at 225 E Germann Rd Ste 120 in Gilbert, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,523,132.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least 120 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Realty One Group Inc in Gilbert, AZ received a Paycheck Protection Loan of $1.52M through Sunwest Bank, 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, Realty One Group Inc's 2019 payroll expenses are estimated to be at least $7.31M.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $60,925 per employee1
Reported PPP Proceed Usage:
On the PPP application, Realty One Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,523,129
- Utilities: $1
Business Information - Realty One Group Inc in Gilbert, AZ
225 E Germann Rd Ste 120
Gilbert, AZ 85297
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gilbert
In the Gilbert area, 192 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 120) and received an average PPP loan of $20,886 (compared to this company's $1.52M).
Similar Nearby Businesses Who Received PPP Funding:
Ravenswood Realty LLC
Copper Vista LLC
Kathleen P Benton PLLC
Manara Properties LLC
Jennifer Ervin PLLC
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, 98% lower than Realty One Group Inc's reported 120 employees, and received an average PPP loan of $22,469, 99% lower than this company's loan of $1.52M.
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Footnotes & Information
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