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PPP Loan Data — Europa Sports Products LLC,
Charlotte, NC
Europa Sports Products LLC
Entity: Limited Liability Company (LLC)
Industry: Other Grocery and Related Products Merchant Wholesalers
Location: Charlotte, NC
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Europa Sports Products LLC is a limited liability company (LLC) located at 11401 Granite St in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #3127218605
Loan Size:
Jobs Retained:
202Loan Approved:
2021-03-16Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationEuropa Sports Products LLC in Charlotte, NC received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in March, 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, Europa Sports Products LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $47,525 per employee1
Reported PPP Proceed Usage:
On the PPP application, Europa Sports Products LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Europa Sports Products LLC in Charlotte, NC
11401 Granite St
Charlotte, NC 28273
Business Industry:
Other Grocery and Related Products Merchant Wholesalers
NAICS code 424490
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: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Charlotte
In the Charlotte area, 2 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 202) and received an average PPP loan of $1,001,986 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Sandra Villalobos
Charlotte, NC
Industry PPP Comparison Statistics
Nationwide, 8,194 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $864.28M 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 12 employees, 94% lower than Europa Sports Products LLC's reported 202 employees, and received an average PPP loan of $105,477, 95% lower than this company's loan of $2M.
Europa Sports Products LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Miscellaneous Food Manufacturing
Location: Charlotte, NC
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Europa Sports Products LLC is a limited liability company (LLC) located at 11401 Granite St in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,944,307.00 in May, 2020.
$
PPP Loan Information
Loan #1671237402
Loan Size:
Jobs Retained:
240Loan Approved:
2020-05-04Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationEuropa Sports Products LLC in Charlotte, NC received a Paycheck Protection Loan of $3.94M 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 September, 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, Europa Sports Products LLC's 2019 payroll expenses are estimated to be at least $18.93M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $78,886 per employee1
Reported PPP Proceed Usage:
On the PPP application, Europa Sports Products LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,944,307
Business Information - Europa Sports Products LLC in Charlotte, NC
11401 Granite St
Charlotte, NC 28273
Business Industry:
All Other Miscellaneous Food Manufacturing
NAICS code 311999
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,600 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $547.78M 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 14 employees, 94% lower than Europa Sports Products LLC's reported 240 employees, and received an average PPP loan of $119,083, 97% lower than this company's loan of $3.94M.
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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