PPP Loan Data — 831 Federal Highway Acquisition, LLC, Hallandale, FL
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
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.
Business Information - 831 Federal Highway Acquisition, LLC in Hallandale, FL
831 North Federal Highway
Hallandale, FL 33009
Casinos (except Casino Hotels) (NAICS code 713210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional 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.
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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