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PPP Loan Data — Woodmont Real Estate Services LP,
Belmont, CA
Woodmont Real Estate Services LP
Entity: Partnership
Industry: Offices of Real Estate Agents and Brokers
Location: Belmont, CA
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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
Loan Size:
Jobs Retained:
334Loan Approved:
2020-04-07Lender:
CITY NATIONAL BANKWoodmont 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
Business Industry
Offices of Real Estate Agents and Brokers (NAICS code 531210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-14Similar 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
Belmont, CA
Natalie Gabovich
Belmont, CA
Verona Cho
Belmont, CA
Born Real Estate, Inc.
Belmont, CA
Lutfallah Khoury
Belmont, CA
Andrew Kim
Belmont, CA
Hometown Realty
Belmont, CA
Jennifer Dicker, Realtor
Belmont, CA
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.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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