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PPP Loan Data — Briar Team LLC, The, Sanford, FL

SBA PPP loan data, payroll data, and salaries for Briar Team LLC, The
FL

Briar Team LLC, The

Entity: Limited Liability Company (LLC)

Industry: Land Subdivision

Location: Sanford, FL

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Briar Team LLC, The is a limited liability company (LLC) located at 4570 Orange Blvd in Sanford, Florida that received a Coronavirus-related PPP loan from the SBA of $3,150,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.15M

Jobs Retained:

286

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Briar Team LLC, The received a Paycheck Protection Loan of $3.15M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Briar Team LLC, The's total 2019 payroll expenses were approximately $15.12M in order to qualify for the PPP loan amount received.

Based on their reported 286 jobs retained, this equals an estimated average yearly compensation of $52,867 per employee1.

Because the loan received by Briar Team LLC, The is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Briar Team LLC, The in Sanford, FL

Briar Team LLC, The
4570 Orange Blvd
Sanford, FL 32771

Business Industry

Land Subdivision (NAICS code 237210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-07

Industry PPP Comparison Statistics

Nationwide, 3,472 businesses in the "Land Subdivision" industry received a total of $375,266,179.00 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 9 employees, 97% lower than Briar Team LLC, The's reported 286 employees, and received an average PPP loan of $108,084, 97% lower than this company's loan of $3.15M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/briar-team-llc-the-sanford-fl