PPP Loan Data — The Halstead Team, Lodi, CA
The Halstead Team is a corporation located at 2220 Chaparral Ct in Lodi, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
The Halstead Team in Lodi, CA received a Paycheck Protection Loan of $25,000 through JPMorgan Chase 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 Halstead Team's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Halstead Team reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - The Halstead Team in Lodi, CA
2220 Chaparral Ct
Lodi, CA 95242
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: N
Rural / Urban: Urban
Similar Companies near Lodi
In the Lodi area, 23 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 3) and received an average PPP loan of $14,185 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Shannon Stallings, Realtor
Coldani Realty Inc
Lisa A. Jackson
Nicole K Gross
Michael D Coldani, Realtor
Stephanie Michelle Royal
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 The Halstead Team's reported 3 employees, and received an average PPP loan of $22,469, 10% lower than this company's loan of $25,000.
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Footnotes & Information
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