PPP Loan Data — ARK Investments LLC, Cape Coral, FL
ARK Investments LLC is a limited liability company (LLC) located at 5785 Cape Harbour Dr, Suite 201 in Cape Coral, Florida that received a Coronavirus-related PPP loan from the SBA of $24,919.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
ARK Investments LLC in Cape Coral, FL received a Paycheck Protection Loan of $24,919 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.
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, ARK Investments LLC's 2019 payroll expenses are estimated to be at least $119,611.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,806 per employee1
Reported PPP Proceed Usage:
On the PPP application, ARK Investments LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,919
Business Information - ARK Investments LLC in Cape Coral, FL
5785 Cape Harbour Dr, Suite 201
Cape Coral, FL 33914
Real Estate Credit
NAICS code 522292
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cape Coral
In the Cape Coral area, 3 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $11,270 (compared to this company's $24,919).
Similar Nearby Businesses Who Received PPP Funding:
Fort Myers, FL
Fort Myers, FL
Industry PPP Comparison Statistics
Nationwide, 3,832 businesses in the "Real Estate Credit" industry received a total of $627.92M 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 12 employees, 500% higher than ARK Investments LLC's reported 2 employees, and received an average PPP loan of $163,863, 558% higher than this company's loan of $24,919.
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Footnotes & Information
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