PPP Loan Data — Suzanne Kimmel & Associates, Inc, Davis, CA
Suzanne Kimmel & Associates, Inc is a corporation located at 3405 La Playa Dr in Davis, California that received a Coronavirus-related PPP loan from the SBA of $25,027.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Suzanne Kimmel & Associates, Inc in Davis, CA received a Paycheck Protection Loan of $25,027 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, Suzanne Kimmel & Associates, Inc's 2019 payroll expenses are estimated to be at least $120,130.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,065 per employee1
Reported PPP Proceed Usage:
On the PPP application, Suzanne Kimmel & Associates, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,027
Business Information - Suzanne Kimmel & Associates, Inc in Davis, CA
3405 La Playa Dr
Davis, CA 95618
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 Davis
In the Davis area, 23 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 2) and received an average PPP loan of $16,503 (compared to this company's $25,027).
Similar Nearby Businesses Who Received PPP Funding:
Trinity River Partners, LLC
Robin's Realty Group Inc
El Macero, CA
El Macero, CA
Andrew C. Skaggs Inc
El Macero, CA
Christopher Paul Majestic
Ross Real Estate Group 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, the same amount reported by Suzanne Kimmel & Associates, Inc and received an average PPP loan of $22,469, 10% lower than this company's loan of $25,027.
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Footnotes & Information
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