PPP Loan Data — Riverland Realty Inc, Dunnellon, FL
Riverland Realty Inc is a corporation located at 11824 N Williams St in Dunnellon, Florida that received a Coronavirus-related PPP loan from the SBA of $25,212.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Riverland Realty Inc in Dunnellon, FL received a Paycheck Protection Loan of $25,212 through Bank of America, National Association, which was approved in May, 2020.
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, Riverland Realty Inc's 2019 payroll expenses are estimated to be at least $121,018.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,255 per employee1
Reported PPP Proceed Usage:
On the PPP application, Riverland Realty Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,212
Business Information - Riverland Realty Inc in Dunnellon, FL
11824 N Williams St
Dunnellon, FL 34432
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dunnellon
In the Dunnellon area, 12 businesses in the "Offices of Real Estate Agents and Brokers" 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 $10,017 (compared to this company's $25,212).
Similar Nearby Businesses Who Received PPP Funding:
Valerie Porter Hanchar
Vincent De Rosa
James D Burchett
Robin Lisa Hite LLC
Kelly R Goddard PA
Citrus Springs, FL
TR7 Partners LLC
Christopher R. Hodges - Independent Contractor
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, 50% lower than Riverland Realty Inc's reported 4 employees, and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,212.
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Footnotes & Information
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