PPP Loan Data — Thomas Taglieri, Lancaster, PA
Thomas Taglieri is a self-employed individual located at 1000 N Prince Street in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,965.00 in May, 2020.
The company has reported itself as a 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:Members 1st FCU
Thomas Taglieri in Lancaster, PA received a Paycheck Protection Loan of $24,965 through Members 1st FCU, which was approved in May, 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 June, 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, Thomas Taglieri's 2019 payroll expenses are estimated to be at least $119,832.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,916 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thomas Taglieri reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,965
Business Information - Thomas Taglieri in Lancaster, PA
1000 N Prince Street
Lancaster, PA 17603
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: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lancaster
In the Lancaster area, 92 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 2) and received an average PPP loan of $15,579 (compared to this company's $24,965).
Similar Nearby Businesses Who Received PPP Funding:
Farlow Investments LLC
Paul Ross Furner
Lancaster Country Group 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 Thomas Taglieri and received an average PPP loan of $22,469, 10% lower than this company's loan of $24,965.
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Footnotes & Information
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