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PPP Loan Data — Acqualina Management LLC,
Sunny Isles Beach, FL
Acqualina Management LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Sunny Isles Beach, FL
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Acqualina Management LLC is a limited liability company (LLC) located at 17875 Collins Ave in Sunny Isles Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 215 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4159898500
Loan Size:
Jobs Retained:
215Loan Approved:
2021-02-25Loan Status:
Ongoing LoanLender:
City National Bank of FloridaAcqualina Management LLC in Sunny Isles Beach, FL received a Paycheck Protection Loan of $2M through City National Bank of Florida, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Acqualina Management LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $44,651 per employee1
Reported PPP Proceed Usage:
On the PPP application, Acqualina Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Acqualina Management LLC in Sunny Isles Beach, FL
17875 Collins Ave
Sunny Isles Beach, FL 33160
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Sunny Isles Beach
In the Sunny Isles Beach area, 46 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 215) and received an average PPP loan of $465,772 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Hotel Investment Services Inc
N Miami Beach, FL
Newport Hospitality LLC
Sunny Isles Beach, FL
World Class Hospitality Inc
Sunny Isles Beach, FL
Edna Levy Bailey
Miami, FL
Eli Pesahovitz
Sunny Isles Beach, FL
Sunrise Investment IV LLC
Sunny Isles Beach, FL
TRR Bahia Mar LLC
North Miami, FL
Fabiola Rojas
Sunny Isles Beach, FL
Sunrise Investments IV LLC
Sunny Isles Beach, FL
Industry PPP Comparison Statistics
Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 89% lower than Acqualina Management LLC's reported 215 employees, and received an average PPP loan of $169,748, 92% lower than this company's loan of $2M.
Acqualina Management, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Sunny Isles Beach, FL
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Acqualina Management, LLC is a limited liability company (LLC) located at 17875 Collins Avenue, in Sunny Isles Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $2,663,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 250 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5035957000
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-04Loan Status:
Paid in Full or ForgivenLender:
City National Bank of FloridaAcqualina Management, LLC in Sunny Isles Beach, FL received a Paycheck Protection Loan of $2.66M through City National Bank of Florida, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Acqualina Management, LLC's 2019 payroll expenses are estimated to be at least $12.79M.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $51,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Acqualina Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,997,775
- Utilities: $665,925
Business Information - Acqualina Management, LLC in Sunny Isles Beach, FL
17875 Collins Avenue,
Sunny Isles Beach, FL 33160
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Sunny Isles Beach
In the Sunny Isles Beach area, 46 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 250) and received an average PPP loan of $465,772 (compared to this company's $2.66M).
Similar Nearby Businesses Who Received PPP Funding:
Hotel Investment Services Inc
N Miami Beach, FL
Newport Hospitality LLC
Sunny Isles Beach, FL
World Class Hospitality Inc
Sunny Isles Beach, FL
Edna Levy Bailey
Miami, FL
Eli Pesahovitz
Sunny Isles Beach, FL
Sunrise Investment IV LLC
Sunny Isles Beach, FL
TRR Bahia Mar LLC
North Miami, FL
Fabiola Rojas
Sunny Isles Beach, FL
Sunrise Investments IV LLC
Sunny Isles Beach, FL
Industry PPP Comparison Statistics
Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 91% lower than Acqualina Management, LLC's reported 250 employees, and received an average PPP loan of $169,748, 94% lower than this company's loan of $2.66M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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