PPP Loan Data — Ffva-Aim, Inc, Maitland, FL
Ffva-Aim, Inc is a corporation located at 800 Trafalgar Ct Suite 200 in Maitland, Florida that received a Coronavirus-related PPP loan from the SBA of $1,849,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Ffva-Aim, Inc in Maitland, FL received a Paycheck Protection Loan of $1.85M through Truist Bank d/b/a Branch Banking & Trust Co, 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 May, 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, Ffva-Aim, Inc's 2019 payroll expenses are estimated to be at least $8.88M.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $77,205 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ffva-Aim, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,849,700
Business Information - Ffva-Aim, Inc in Maitland, FL
800 Trafalgar Ct Suite 200
Maitland, FL 32751
NAICS code 522220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Maitland
In the Maitland area, 6 businesses in the "Sales Financing" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 115) and received an average PPP loan of $362,688 (compared to this company's $1.85M).
Similar Nearby Businesses Who Received PPP Funding:
Global Import Advisors LLC
Isola & Associates, LLC
Robert E. Isola, LLC
New Leaf Funding Corporation
Industry PPP Comparison Statistics
Nationwide, 16,168 businesses in the "Sales Financing" industry received a total of $411.76M 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 2 employees, 98% lower than Ffva-Aim, Inc's reported 115 employees, and received an average PPP loan of $25,468, 99% lower than this company's loan of $1.85M.
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Footnotes & Information
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