PPP Loan Data — Banyan Street Advisors LLC, Miami, FL
Banyan Street Advisors LLC is a limited liability company (LLC) located at 80 Sw 8th Street Ste 2200 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $2,723,000.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 146 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK OF FLORIDA
Banyan Street Advisors LLC received a Paycheck Protection Loan of $2.72M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Banyan Street Advisors LLC's total 2019 payroll expenses were approximately $13.07M in order to qualify for the PPP loan amount received.
Based on their reported 146 jobs retained, this equals an estimated average yearly compensation of $89,523 per employee1.
Business Information - Banyan Street Advisors LLC in Miami, FL
80 Sw 8th Street Ste 2200
Miami, FL 33130
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: FL-27
Similar Companies near Miami
In the Miami area, 78 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 146) and received an average PPP loan of $157,161 (compared to this company's $2.72M).
Similar Nearby Businesses Who Received PPP Funding:
Lerman Realty Group Inc
Jose Pineros PA
Green Key Vacation Rentals, Inc.
1800 Office Management Inc
Santa Maria Management LLC
Carby & Associates LLC
Inspired Work Communities LLC
Integra Solutions, LLC
Industry PPP Comparison Statistics
Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 97% lower than Banyan Street Advisors LLC's reported 146 employees, and received an average PPP loan of $62,929, 98% lower than this company's loan of $2.72M.
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.
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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