PPP Loan Data — SDQ Realty Inc, Bronx, NY
SDQ Realty Inc is a corporation located at 455 East 187 St in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $25,357.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
SDQ Realty Inc in Bronx, NY received a Paycheck Protection Loan of $25,357 through TD Bank, 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, SDQ Realty Inc's 2019 payroll expenses are estimated to be at least $121,714.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,571 per employee1
Reported PPP Proceed Usage:
On the PPP application, SDQ Realty Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,357
Business Information - SDQ Realty Inc in Bronx, NY
455 East 187 St
Bronx, NY 10458
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Bronx
In the Bronx area, 47 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $25,546 (compared to this company's $25,357).
Similar Nearby Businesses Who Received PPP Funding:
ZAM Realty Management Company, LLC
C.k. Brokerage Services Corp
1350 Ogden Ave Hdfc
Established Realty Group LLC
4456 Park Real Estate Inc
Cross Bx Residence Inc
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, 33% lower than SDQ Realty Inc's reported 3 employees, and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,357.
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Footnotes & Information
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