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PPP Loan Data — Consultis Of Boca Raton Inc,
Boca Raton, FL
Consultis Of Boca Raton Inc
Entity: Corporation
Industry: Temporary Help Services
Location: Boca Raton, FL
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Consultis Of Boca Raton Inc is a corporation located at 4401 N Federal Hwy Ste 100 in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $183,505.00 in February, 2021.
$
PPP Loan Information
Loan #7141978408
Loan Size:
Jobs Retained:
10Loan Approved:
2021-02-11Loan Status:
Paid in Full or ForgivenLender:
Readycap Lending, LLCConsultis Of Boca Raton Inc in Boca Raton, FL received a Paycheck Protection Loan of $183,505 through Readycap Lending, LLC, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Consultis Of Boca Raton Inc's 2019 payroll expenses are estimated to be at least $880,824.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $88,082 per employee1
Reported PPP Proceed Usage:
On the PPP application, Consultis Of Boca Raton Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $183,503
- Utilities: $1
Business Information - Consultis Of Boca Raton Inc in Boca Raton, FL
4401 N Federal Hwy Ste 100
Boca Raton, FL 33431
Business Industry:
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Consultis Of Boca Raton Inc.
Consultis Of Minnesota Inc
Employment Placement Agencies
Consultis Funding, Inc
Employment Placement Agencies
Consultis Of San Antonio Inc
Temporary Help Services
DFD Inc
Employment Placement Agencies
Similar Companies near Boca Raton
In the Boca Raton area, 11 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 10) and received an average PPP loan of $714,891 (compared to this company's $183,505).
Similar Nearby Businesses Who Received PPP Funding:
American Traveler Staffing Professionals LLC
Boca Raton, FL
Consultis Of San Antonio Inc
Boca Raton, FL
Cutting Edge Recruiting Solutions LLC
Boca Raton, FL
Moore And Snoep Consulting In
Boca Raton, FL
Adex Corp
Boca Raton, FL
DAS Resources, Inc
Boca Raton, FL
Bicoastal Recruiting Partners LLC
Boca Raton, FL
Helping Hands Hcsp Inc
Boca Raton, FL
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Temporary Help Services" industry received a total of $3.65B 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 51 employees, 410% higher than Consultis Of Boca Raton Inc's reported 10 employees, and received an average PPP loan of $409,775, 123% higher than this company's loan of $183,505.
Consultis Of Boca Raton, Inc
Entity: Corporation
Industry: Employment Placement Agencies
Location: Boca Raton, FL
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Consultis Of Boca Raton, Inc is a corporation located at 4401 N Federal Hwy Ste 100 in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $183,500.00 in April, 2020.
$
PPP Loan Information
Loan #6379977309
Loan Size:
Jobs Retained:
10Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
Truist BankConsultis Of Boca Raton, Inc in Boca Raton, FL received a Paycheck Protection Loan of $183,500 through Truist Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Consultis Of Boca Raton, Inc's 2019 payroll expenses are estimated to be at least $880,800.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $88,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Consultis Of Boca Raton, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $183,500
Business Information - Consultis Of Boca Raton, Inc in Boca Raton, FL
4401 N Federal Hwy Ste 100
Boca Raton, FL 33431
Business Industry:
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Consultis Of Boca Raton, Inc.
Consultis Of Minnesota Inc
Employment Placement Agencies
Consultis Funding, Inc
Employment Placement Agencies
Consultis Of San Antonio Inc
Temporary Help Services
DFD Inc
Employment Placement Agencies
Similar Companies near Boca Raton
In the Boca Raton area, 20 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 10) and received an average PPP loan of $74,080 (compared to this company's $183,500).
Similar Nearby Businesses Who Received PPP Funding:
Bridgepoint Associates, LLC
Boca Raton, FL
Hire Solutions Group Inc
Boca Raton, FL
Palmerkent
Boca Raton, FL
DFD Inc
Boca Raton, FL
Palmer Kent
Boca Raton, FL
Susan F Schulz PA
Boca Raton, FL
Nulogic LLC
Boca Raton, FL
Startek Solutions LLC
Boca Raton, FL
Industry PPP Comparison Statistics
Nationwide, 12,514 businesses in the "Employment Placement Agencies" industry received a total of $3.47B 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 35 employees, 250% higher than Consultis Of Boca Raton, Inc's reported 10 employees, and received an average PPP loan of $277,509, 51% higher than this company's loan of $183,500.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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