PPP Loan Data — DBS Search Group LLC, New Smyrna Beach, FL
DBS Search Group LLC is a limited liability company (LLC) located at 1311 North Peninsula Avenue in New Smyrna Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
DBS Search Group LLC in New Smyrna Beach, FL received a Paycheck Protection Loan of $25,000 through WebBank, 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 June, 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, DBS Search Group LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, DBS Search Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - DBS Search Group LLC in New Smyrna Beach, FL
1311 North Peninsula Avenue
New Smyrna Beach, FL 32169
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 8,994 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, 2450% higher than DBS Search Group LLC's reported 2 employees, and received an average PPP loan of $405,841, 1523% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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