PPP Loan Data — Tracy Gripp, Gilbert, AZ
Tracy Gripp is a limited liability company (LLC) located in Gilbert, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,325.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Tracy Gripp in Gilbert, AZ received a Paycheck Protection Loan of $25,325 through U.S. Bank, National Association, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Tracy Gripp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,325
Business Information - Tracy Gripp in Gilbert, AZ
* Full address is redacted to protect the privacy of individuals.
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 Gilbert
In the Gilbert area, 114 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $34,482 (compared to this company's $25,325).
Similar Nearby Businesses Who Received PPP Funding:
Christina M Carlson PLLC
Lunt & Lunt Plc
Red Hawk Realty LLC
Alicia Kracht PLLC
Bruce M. King, PLLC
Pamela L Goodmansen
The Abdelrasul Real Estate Team 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, 100% higher than Tracy Gripp's reported 1 employees, and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,325.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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