PPP Loan Data — Woodmont Real Estate Services LP, Belmont, CA
Woodmont Real Estate Services LP is a partnership located at 1050 Ralston Ave in Belmont, California that received a Coronavirus-related PPP loan from the SBA of $5,420,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 334 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
Woodmont Real Estate Services LP in Belmont, CA received a Paycheck Protection Loan of $5.42M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Woodmont Real Estate Services LP's total 2019 payroll expenses were approximately $26.02M in order to qualify for the PPP loan amount received.
Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $77,901 per employee1.
Business Information - Woodmont Real Estate Services LP in Belmont, CA
1050 Ralston Ave
Belmont, CA 94002
Offices of Real Estate Agents and Brokers (NAICS code 531210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-14
Similar Companies near Belmont
In the Belmont area, 9 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 334) and received an average PPP loan of $671,946 (compared to this company's $5.42M).
Similar Nearby Businesses Who Received PPP Funding:
Westlake Realty Group Inc
Born Real Estate, Inc.
Jennifer Dicker, Realtor
Industry PPP Comparison Statistics
Nationwide, 123,031 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $3,483,797,893.00 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, 99% lower than Woodmont Real Estate Services LP's reported 334 employees, and received an average PPP loan of $28,316, 99% lower than this company's loan of $5.42M.
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Footnotes & Information
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