PPP Loan Data — Yale Realty LLC, Brooklyn, NY
Yale Realty LLC is a limited liability company (LLC) located at Po Box 340816 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:New York Community Bank
Yale Realty LLC in Brooklyn, NY received a Paycheck Protection Loan of $25,100 through New York Community Bank, which was approved in April, 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 May, 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, Yale Realty LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yale Realty LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Yale Realty LLC in Brooklyn, NY
Po Box 340816
Brooklyn, NY 11234
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 29 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $48,193 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Basin Properties, Inc
Arthur 1746 Dean St LLC
Port Equities LLC
Rizaro Management LLC
Oxford II Realty LLC
SN Funding LLC
Nioka Estates LLC
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 167% higher than Yale Realty LLC's reported 3 employees, and received an average PPP loan of $70,456, 181% higher than this company's loan of $25,100.
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Footnotes & Information
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