PPP Loan Data — The Galligan Home Selling Team Inc, Roseto, PA
The Galligan Home Selling Team Inc is a subchapter s corporation located at 621 Garibaldi Ave in Roseto, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
The Galligan Home Selling Team Inc in Roseto, PA received a Paycheck Protection Loan of $46,200 through PNC 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, The Galligan Home Selling Team Inc's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,352 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Galligan Home Selling Team Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - The Galligan Home Selling Team Inc in Roseto, PA
621 Garibaldi Ave
Roseto, PA 18013
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Roseto
In the Roseto area, 11 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 5) and received an average PPP loan of $13,982 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
Frank C. Comunale Jr
Mark A. Lutz
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, 60% lower than The Galligan Home Selling Team Inc's reported 5 employees, and received an average PPP loan of $22,469, 51% lower than this company's loan of $46,200.
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Footnotes & Information
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