PPP Loan Data — The Management Association, Inc., Tustin, CA
The Management Association, Inc. is a corporation located at 15661 Red Hill Ave Ste 201 in Tustin, California that received a Coronavirus-related PPP loan from the SBA of $7,121,860.00 in April, 2020.
$ PPP Loan Information
Lender:WESTERN ALLIANCE BANK
The Management Association, Inc. in Tustin, CA received a Paycheck Protection Loan of $7.12M through WESTERN ALLIANCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Management Association, Inc.'s total 2019 payroll expenses were approximately $34.18M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $68,370 per employee1.
Business Information - The Management Association, Inc. in Tustin, CA
15661 Red Hill Ave Ste 201
Tustin, CA 92780
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-45
Similar Companies near Tustin
In the Tustin area, 8 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 500) and received an average PPP loan of $1,179,002 (compared to this company's $7.12M).
Similar Nearby Businesses Who Received PPP Funding:
Western United Inc
Opes Investments, Inc
Advanced Property Services Management, Inc.
Diversified Association Management, Inc.
PAN American Properties, Inc.
AWJ Investment Group Inc
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 98% lower than The Management Association, Inc.'s reported 500 employees, and received an average PPP loan of $114,517, 98% lower than this company's loan of $7.12M.
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, and is published unmodified, as provided by the SBA.
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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