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PPP Loan Data — Coral 17893 Inc,
Coral Springs, FL
FRANCHISE
FLCoral 17893 Inc
Entity: Corporation
Industry: Limited-Service Restaurants
Franchise: Subway
Location: Coral Springs, FL
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Coral 17893 Inc is a corporation located at 10613 Wiles Rd in Coral Springs, Florida that received a Coronavirus-related PPP loan from the SBA of $16,632.00 in February, 2021. This business is a Subway franchise.
The company has reported itself as an American indian or alaska native owned business, and employed at least five people during the applicable loan loan period.
$
PPP Loan Information
Loan #7742198405
Loan Size:
Jobs Retained:
5Loan Approved:
2021-02-12Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationCoral 17893 Inc in Coral Springs, FL received a Paycheck Protection Loan of $16,632 through JPMorgan Chase Bank, National Association, 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 December, 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, Coral 17893 Inc's 2019 payroll expenses are estimated to be at least $79,834.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $15,967 per employee1
Reported PPP Proceed Usage:
On the PPP application, Coral 17893 Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,630
- Utilities: $1
Business Information - Coral 17893 Inc in Coral Springs, FL
10613 Wiles Rd
Coral Springs, FL 33076
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Coral Springs
In the Coral Springs area, 25 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 5) and received an average PPP loan of $49,534 (compared to this company's $16,632).
Similar Nearby Businesses Who Received PPP Funding:
Gaboozo LLC
Coral Springs, FL
Westview Drive Donuts, LLC
Coral Springs, FL
Grande Pizza 3 LLC
Parkland, FL
Archstone Management Group
Coral Springs, FL
Glyk LLC
Parkland, FL
Downtown Pizza Paradise LLC
Parkland, FL
Loraza Enterprise LLC
Coral Springs, FL
G M C Y, Inc
Coral Springs, FL
ASN Foods LLC
Pompano Beach, FL
Industry PPP Comparison Statistics
Nationwide, 136,545 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 320% higher than Coral 17893 Inc's reported 5 employees, and received an average PPP loan of $101,556, 511% higher than this company's loan of $16,632.
Coral 17893 Inc
Entity: Corporation
Industry: Unclassified Establishments
Location: Coral Springs, FL
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Coral 17893 Inc is a corporation located at 10613 Wiles Rd in Coral Springs, Florida that received a Coronavirus-related PPP loan from the SBA of $11,880.00 in May, 2020.
The company has reported itself as an American indian or alaska native owned business, and employed at least 50 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1204097703
Loan Size:
Jobs Retained:
50Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationCoral 17893 Inc in Coral Springs, FL received a Paycheck Protection Loan of $11,880 through JPMorgan Chase Bank, National Association, which was approved in May, 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 May, 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, Coral 17893 Inc's 2019 payroll expenses are estimated to be at least $57,024.
Based on their reported 50 jobs retained, this equals an estimated average yearly compensation of $1,140 per employee1
Reported PPP Proceed Usage:
On the PPP application, Coral 17893 Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,752
- Utilities: $1,328
- Rent: $5,800
Business Information - Coral 17893 Inc in Coral Springs, FL
10613 Wiles Rd
Coral Springs, FL 33076
Business Industry:
Unclassified Establishments
NAICS code 999990
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Coral Springs
In the Coral Springs area, 38 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 50) and received an average PPP loan of $248,589 (compared to this company's $11,880).
Similar Nearby Businesses Who Received PPP Funding:
BMR Group Corp
Parkland, FL
South O FL Inc
Coral Springs, FL
Angelo Suarez
Coral Springs, FL
Jennifer Canon
Coral Springs, FL
House 2 Home FL LLC
Coral Springs, FL
Green Touch Groundworks Inc
Parkland, FL
Sunshine Eye Care PLLC
Parkland, FL
Omega Alliance Corp
Parkland, FL
Rounds Incorporated
Parkland, FL
Industry PPP Comparison Statistics
Nationwide, 85,564 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 80% lower than Coral 17893 Inc's reported 50 employees, and received an average PPP loan of $42,856, 261% higher than this company's loan of $11,880.
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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