PPP Loan Data — Floral Promotions, Inc, Plantation, FL
Floral Promotions, Inc is a corporation located at 405 South State Road 7 in Plantation, Florida that received a Coronavirus-related PPP loan from the SBA of $25,042.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Floral Promotions, Inc in Plantation, FL received a Paycheck Protection Loan of $25,042 through WebBank, 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 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, Floral Promotions, Inc's 2019 payroll expenses are estimated to be at least $120,202.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,051 per employee1
Reported PPP Proceed Usage:
On the PPP application, Floral Promotions, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,042
Business Information - Floral Promotions, Inc in Plantation, FL
405 South State Road 7
Plantation, FL 33317
NAICS code 453110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Plantation
In the Plantation area, 3 businesses in the "Florists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $30,795 (compared to this company's $25,042).
Similar Nearby Businesses Who Received PPP Funding:
Ajja Companies Of Florida, Inc
Ajja Companies Of Florida Inc DBA
Industry PPP Comparison Statistics
Nationwide, 14,164 businesses in the "Florists" industry received a total of $379.04M 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 5 employees, 25% higher than Floral Promotions, Inc's reported 4 employees, and received an average PPP loan of $26,761, 7% higher than this company's loan of $25,042.
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Footnotes & Information
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