PPP Loan Data — Yeager Real Estate Group Inc, Westerville, OH
Yeager Real Estate Group Inc is a corporation located at 380 Polaris Pkwy Suite 135 in Westerville, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,541,368.00 in April, 2020.
The company has reported itself as a White male veteran owned business, and employed at least 103 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:United Midwest Savings Bank, National Association
Yeager Real Estate Group Inc in Westerville, OH received a Paycheck Protection Loan of $1.54M through United Midwest Savings Bank, National Association, 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 June, 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, Yeager Real Estate Group Inc's 2019 payroll expenses are estimated to be at least $7.4M.
Based on their reported 103 jobs retained, this equals an estimated average yearly compensation of $71,831 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yeager Real Estate Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,541,368
Business Information - Yeager Real Estate Group Inc in Westerville, OH
380 Polaris Pkwy Suite 135
Westerville, OH 43082
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Westerville
In the Westerville area, 121 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 103) and received an average PPP loan of $29,822 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
EMC Realty LLC
Rudler Team LLC
Kelly Jo Ginn
Realty Soultions, LLC
CPO Investment Holdings,LLC
Excel Realty, 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, 98% lower than Yeager Real Estate Group Inc's reported 103 employees, and received an average PPP loan of $22,469, 99% lower than this company's loan of $1.54M.
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Footnotes & Information
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