PPP Loan Data — Floral Fantasy Of The FL Keys Inc, Islamorada, FL
Floral Fantasy Of The FL Keys Inc is a corporation located at 86000 Overseas Hwy in Islamorada, Florida that received a Coronavirus-related PPP loan from the SBA of $24,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First State Bank of the Florida Keys
Floral Fantasy Of The FL Keys Inc in Islamorada, FL received a Paycheck Protection Loan of $24,800 through First State Bank of the Florida Keys, 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 March, 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, Floral Fantasy Of The FL Keys Inc's 2019 payroll expenses are estimated to be at least $119,040.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Floral Fantasy Of The FL Keys Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,800
Business Information - Floral Fantasy Of The FL Keys Inc in Islamorada, FL
86000 Overseas Hwy
Islamorada, FL 33036
Gift, Novelty, and Souvenir Stores
NAICS code 453220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Islamorada
In the Islamorada area, 15 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 6) and received an average PPP loan of $58,789 (compared to this company's $24,800).
Similar Nearby Businesses Who Received PPP Funding:
Islamorada Sportswear Inc DBA Latitude25
MAI D' Cor, LLC
Florida Keys Fragrance & Gifts, LLC
Shell World Of The Florida Keys, Inc
Key Largo, FL
Largo Cargo Company
Key Largo, FL
Sea Dragon Tropical Asian Decor
Island Treasures Of Key Largo
Key Largo, FL
Ocean Dayz LLC
Industry PPP Comparison Statistics
Nationwide, 17,351 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $573.27M 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 6 employees, the same amount reported by Floral Fantasy Of The FL Keys Inc and received an average PPP loan of $33,040, 33% higher than this company's loan of $24,800.
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Footnotes & Information
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