PPP Loan Data — The Mccarty Group, Bedford, NH
The Mccarty Group is a sole proprietorship located at 168 South River Rd in Bedford, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $24,925.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bellwether Community CU
The Mccarty Group in Bedford, NH received a Paycheck Protection Loan of $24,925 through Bellwether Community CU, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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 Mccarty Group's 2019 payroll expenses are estimated to be at least $119,640.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,820 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Mccarty Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,925
Business Information - The Mccarty Group in Bedford, NH
168 South River Rd
Bedford, NH 3110
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bedford
In the Bedford area, 89 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $49,671 (compared to this company's $24,925).
Similar Nearby Businesses Who Received PPP Funding:
M&Jc Property Management LLC
Delisle Realty Group, LLC
Regarding Real Estate LLC
Synergy Real Estate, LLC
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 The Mccarty Group and received an average PPP loan of $22,469, 10% lower than this company's loan of $24,925.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!