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PPP Loan Data — Sage Apartment Communities, Inc., Irvine, CA

SBA PPP loan data, payroll data, and salaries for Sage Apartment Communities, Inc.
CA

Sage Apartment Communities, Inc.

Entity: Subchapter S Corporation

Industry: Other Activities Related to Real Estate

Location: Irvine, CA

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Sage Apartment Communities, Inc. is a subchapter s corporation located at 18006 Sky Park Circle in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $2,524,503.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.52M

Jobs Retained:

224

Loan Approved:

2020-04-27

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Sage Apartment Communities, Inc. received a Paycheck Protection Loan of $2.52M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sage Apartment Communities, Inc.'s total 2019 payroll expenses were approximately $12.12M in order to qualify for the PPP loan amount received.

Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $54,096 per employee1.

Because the loan received by Sage Apartment Communities, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sage Apartment Communities, Inc. in Irvine, CA

Sage Apartment Communities, Inc.
18006 Sky Park Circle
Irvine, CA 92614

Business Industry

Other Activities Related to Real Estate (NAICS code 531390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-45

Similar Companies near Irvine

In the Irvine area, 22 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 224) and received an average PPP loan of $420,261 (compared to this company's $2.52M).

Industry PPP Comparison Statistics

Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Sage Apartment Communities, Inc.'s reported 224 employees, and received an average PPP loan of $62,929, 98% lower than this company's loan of $2.52M.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sage-apartment-communities-inc-irvine-ca