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PPP Loan Data — Diamondback Engineering LLC,
Tampa, FL
Diamondback Engineering LLC
Entity: Limited Liability Company (LLC)
Industry: Engineering Services
Location: Tampa, FL
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Diamondback Engineering LLC is a limited liability company (LLC) located at 1801 N Himes Ave in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $123,200.00 in February, 2021.
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PPP Loan Information
Loan #8017668406
Loan Size:
Jobs Retained:
7Loan Approved:
2021-02-12Loan Status:
Ongoing LoanLender:
The Bank of TampaDiamondback Engineering LLC in Tampa, FL received a Paycheck Protection Loan of $123,200 through The Bank of Tampa, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Diamondback Engineering LLC's 2019 payroll expenses are estimated to be at least $591,360.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $84,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Diamondback Engineering LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $123,198
- Utilities: $1
Business Information - Diamondback Engineering LLC in Tampa, FL
1801 N Himes Ave
Tampa, FL 33607
Business Industry:
Engineering Services
NAICS code 541330
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: Y
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 21 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 7) and received an average PPP loan of $408,281 (compared to this company's $123,200).
Similar Nearby Businesses Who Received PPP Funding:
Automated Systems USA Inc
Tampa, FL
James O Catalano
Tampa, FL
Faller, Davis & Associates, Inc
Tampa, FL
Pickett And Associates, Inc
Tampa, FL
Esrp Corporation
Tampa, FL
Inteliopt Inc
Tampa, FL
Convergence Consulting Group Inc
Tampa, FL
Master Consulting Engineers, Inc
Tampa, FL
Industry PPP Comparison Statistics
Nationwide, 46,579 businesses in the "Engineering Services" industry received a total of $9.17B 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 13 employees, 86% higher than Diamondback Engineering LLC's reported 7 employees, and received an average PPP loan of $196,935, 60% higher than this company's loan of $123,200.
Diamondback Engineering, LLC
Entity: Limited Liability Company (LLC)
Industry: Architectural Services
Location: Tampa, FL
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Diamondback Engineering, LLC is a limited liability company (LLC) located at 1801 N. Himes Ave in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $123,247.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
$
PPP Loan Information
Loan #5572107107
Loan Size:
Jobs Retained:
7Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
The Bank of TampaDiamondback Engineering, LLC in Tampa, FL received a Paycheck Protection Loan of $123,247 through The Bank of Tampa, 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 December, 2020.
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, Diamondback Engineering, LLC's 2019 payroll expenses are estimated to be at least $591,586.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $84,512 per employee1
Reported PPP Proceed Usage:
On the PPP application, Diamondback Engineering, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $123,247
Business Information - Diamondback Engineering, LLC in Tampa, FL
1801 N. Himes Ave
Tampa, FL 33607
Business Industry:
Architectural Services
NAICS code 541310
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 24 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 7) and received an average PPP loan of $125,340 (compared to this company's $123,247).
Similar Nearby Businesses Who Received PPP Funding:
Hafner Architects Inc
Tampa, FL
Purdy Muroff Architecture Inc
Tampa, FL
JVB Architect LLC
Tampa, FL
Jennifer Garcia Architecture Studio LLC
Tampa, FL
Johnson Cartwright Jarman Architects P A
Tampa, FL
Hepner Architects, Incorporated
Tampa, FL
Carruthers & Associates - Architects PA
Tampa, FL
Keener Architecture, Plc
Tampa, FL
Horton Harley & Carter Inc
Tampa, FL
Industry PPP Comparison Statistics
Nationwide, 28,759 businesses in the "Architectural Services" industry received a total of $3.75B 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 9 employees, 29% higher than Diamondback Engineering, LLC's reported 7 employees, and received an average PPP loan of $130,352, 6% higher than this company's loan of $123,247.
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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