PPP Loan Data — Daytona Beverages LLC, Daytona Beach, FL
Daytona Beverages LLC is a limited liability company (LLC) located at 2275 Mason Ave in Daytona Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $1,506,649.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Daytona Beverages LLC in Daytona Beach, FL received a Paycheck Protection Loan of $1.51M through Bank of America, 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 March, 2021.
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, Daytona Beverages LLC's 2019 payroll expenses are estimated to be at least $7.23M.
Based on their reported 127 jobs retained, this equals an estimated average yearly compensation of $56,944 per employee1
Reported PPP Proceed Usage:
On the PPP application, Daytona Beverages LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,506,649
Business Information - Daytona Beverages LLC in Daytona Beach, FL
2275 Mason Ave
Daytona Beach, FL 32117
Beer and Ale Merchant Wholesalers
NAICS code 424810
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,380 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $608.99M 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 40 employees, 69% lower than Daytona Beverages LLC's reported 127 employees, and received an average PPP loan of $441,295, 71% lower than this company's loan of $1.51M.
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Footnotes & Information
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