PPP Loan Data — UIP Companies, Inc, Washington, DC
UIP Companies, Inc is a corporation located at 140 Q Street Ne in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $1,700,625.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 97 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
UIP Companies, Inc in Washington, DC received a Paycheck Protection Loan of $1.7M through EagleBank, which was approved in April, 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, UIP Companies, Inc's 2019 payroll expenses are estimated to be at least $8.16M.
Based on their reported 97 jobs retained, this equals an estimated average yearly compensation of $84,155 per employee1
Reported PPP Proceed Usage:
On the PPP application, UIP Companies, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,700,625
Business Information - UIP Companies, Inc in Washington, DC
140 Q Street Ne
Washington, DC 20002
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 32 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 97) and received an average PPP loan of $392,178 (compared to this company's $1.7M).
Similar Nearby Businesses Who Received PPP Funding:
Lynn Property Management
Amico Lane LLC
Tiber Realty Group LLC
CAP City Management LLC
Columbia Property Management LLC
Industry PPP Comparison Statistics
Nationwide, 36,628 businesses in the "Residential Property Managers" industry received a total of $3.05B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 91% lower than UIP Companies, Inc's reported 97 employees, and received an average PPP loan of $83,394, 95% lower than this company's loan of $1.7M.
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Footnotes & Information
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