PPP Loan Data — Better Business Consultant Corp, Miami, FL
Better Business Consultant Corp is a corporation located at 8500 Sw 8 St in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Better Business Consultant Corp in Miami, FL received a Paycheck Protection Loan of $24,900 through Regions Bank, which was approved in April, 2020.
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
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, Better Business Consultant Corp's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Better Business Consultant Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Better Business Consultant Corp in Miami, FL
8500 Sw 8 St
Miami, FL 33144
Tax Preparation Services
NAICS code 541213
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 33 businesses in the "Tax Preparation Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $22,610 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Guillermo Castilla Rosell
GG Consulting Services Corp
Alpha Accounting Group, LLC
Payroll Done Corp
South Miami, FL
Toyos Tax Service / H&R Block
Miami Tax Services Inc
West Miami, FL
N & N Business Corp
Industry PPP Comparison Statistics
Nationwide, 50,853 businesses in the "Tax Preparation Services" industry received a total of $1.1B 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 3 employees, 25% lower than Better Business Consultant Corp's reported 4 employees, and received an average PPP loan of $21,684, 13% lower than this company's loan of $24,900.
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Footnotes & Information
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