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PPP Loan Data — 831 Federal Highway Acquisition, LLC, Hallandale, FL

SBA PPP loan data, payroll data, and salaries for 831 Federal Highway Acquisition, LLC
FL

831 Federal Highway Acquisition, LLC

Entity: Limited Liability Company (LLC)

Industry: Casinos (except Casino Hotels)

Location: Hallandale, FL

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831 Federal Highway Acquisition, LLC is a limited liability company (LLC) located at 831 North Federal Highway in Hallandale, Florida that received a Coronavirus-related PPP loan from the SBA of $3,121,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 366 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.12M

Jobs Retained:

366

Loan Approved:

2020-04-28

Lender:

CITY NATIONAL BANK OF FLORIDA

831 Federal Highway Acquisition, LLC in Hallandale, FL received a Paycheck Protection Loan of $3.12M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.

Based on standard PPP eligibility rules, 831 Federal Highway Acquisition, LLC's total 2019 payroll expenses were approximately $14.98M in order to qualify for the PPP loan amount received.

Based on their reported 366 jobs retained, this equals an estimated average yearly compensation of $40,938 per employee1.

Because the loan received by 831 Federal Highway Acquisition, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - 831 Federal Highway Acquisition, LLC in Hallandale, FL

831 Federal Highway Acquisition, LLC
831 North Federal Highway
Hallandale, FL 33009

Business Industry

Casinos (except Casino Hotels) (NAICS code 713210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: FL-23

Industry PPP Comparison Statistics

Nationwide, 493 businesses in the "Casinos (except Casino Hotels)" industry received a total of $236,923,979.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 53 employees, 86% lower than 831 Federal Highway Acquisition, LLC's reported 366 employees, and received an average PPP loan of $480,576, 85% lower than this company's loan of $3.12M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/831-federal-highway-acquisition-llc-hallandale-fl