PPP Loan Data — Bruce Wilson Photography, Inc, Kissimmee, FL
Bruce Wilson Photography, Inc is a subchapter s corporation located at 100 North Stewart Avenue N/a in Kissimmee, Florida that received a Coronavirus-related PPP loan from the SBA of $24,805.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
Bruce Wilson Photography, Inc in Kissimmee, FL received a Paycheck Protection Loan of $24,805 through South State Bank, National Association, 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, Bruce Wilson Photography, Inc's 2019 payroll expenses are estimated to be at least $119,064.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,009 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bruce Wilson Photography, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,805
Business Information - Bruce Wilson Photography, Inc in Kissimmee, FL
100 North Stewart Avenue N/a
Kissimmee, FL 34741
Photography Studios, Portrait
NAICS code 541921
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Kissimmee
In the Kissimmee area, 5 businesses in the "Photography Studios, Portrait" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $10,977 (compared to this company's $24,805).
Similar Nearby Businesses Who Received PPP Funding:
Xiomara Velez Rivera
Rusbell Carrillo Reveron
Photography By Skip Stowers
Fernando Torres Ascanio
Industry PPP Comparison Statistics
Nationwide, 37,991 businesses in the "Photography Studios, Portrait" industry received a total of $597.82M 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 2 employees, 71% lower than Bruce Wilson Photography, Inc's reported 7 employees, and received an average PPP loan of $15,736, 37% lower than this company's loan of $24,805.
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Footnotes & Information
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