PPP Loan Data — Schottenstein Realty Co., Miami, FL
Schottenstein Realty Co.
Entity: Subchapter S Corporation
Location: Miami, FLTweet This • Search All PPP Data
Schottenstein Realty Co. is a subchapter s corporation located at 888 Brickell Avenue in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $71,300.00 in May, 2020.
$ PPP Loan Information
Lender:NEWTEK SMALL BUSINESS FINANCE, INC.
Schottenstein Realty Co. received a Paycheck Protection Loan of $71,300 through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in May, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Schottenstein Realty Co.'s total 2019 payroll expenses were approximately $342,240 in order to qualify for the PPP loan amount received.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $48,891 per employee1.
Business Information - Schottenstein Realty Co. in Miami, FL
888 Brickell Avenue
Miami, FL 33131
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-27
Similar Companies near Miami
In the Miami area, 83 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 7) and received an average PPP loan of $158,951 (compared to this company's $71,300).
Similar Nearby Businesses Who Received PPP Funding:
Samma Enterprises, LLC
Broadspan Management LLC
Red Carrot Inc
Oceanview Financials Inc
Enlightened Resources, LLC
Urban Impact Lab Inc
Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 14% lower than Schottenstein Realty Co.'s reported 7 employees, and received an average PPP loan of $86,242, 21% higher than this company's loan of $71,300.
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. 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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