PPP Loan Data — Florida Fuel Injection, Inc, Clearwater, FL
Florida Fuel Injection, Inc is a subchapter s corporation located at 11431 43rd Street N. in Clearwater, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Home Bank
Florida Fuel Injection, Inc in Clearwater, FL received a Paycheck Protection Loan of $25,000 through First Home Bank, which was approved in July, 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, Florida Fuel Injection, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Florida Fuel Injection, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Florida Fuel Injection, Inc in Clearwater, FL
11431 43rd Street N.
Clearwater, FL 33762
Other Engine Equipment Manufacturing
NAICS code 333618
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 435 businesses in the "Other Engine Equipment Manufacturing" industry received a total of $72.71M 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, 367% higher than Florida Fuel Injection, Inc's reported 3 employees, and received an average PPP loan of $167,158, 569% higher than this company's loan of $25,000.
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Footnotes & Information
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