PPP Loan Data — Elite Dry Cleaning Services LLC DBA-Sba Small 7A Term, Miami, FL
Elite Dry Cleaning Services LLC DBA-Sba Small 7A Term is a corporation located at 6460 Sw 40 St in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $46,250.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Elite Dry Cleaning Services LLC DBA-Sba Small 7A Term in Miami, FL received a Paycheck Protection Loan of $46,250 through TD 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 April, 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, Elite Dry Cleaning Services LLC DBA-Sba Small 7A Term's 2019 payroll expenses are estimated to be at least $222,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,667 per employee1
Reported PPP Proceed Usage:
On the PPP application, Elite Dry Cleaning Services LLC DBA-Sba Small 7A Term reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,250
Business Information - Elite Dry Cleaning Services LLC DBA-Sba Small 7A Term in Miami, FL
6460 Sw 40 St
Miami, FL 33155
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
PPP recipients in this industry report an average of 0 employees, 100% lower than Elite Dry Cleaning Services LLC DBA-Sba Small 7A Term's reported 9 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,250.
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Footnotes & Information
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