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PPP Loan Data — Florida Peninsula Holdings LLC, Boca Raton, FL

SBA PPP loan data, payroll data, and salaries for Florida Peninsula Holdings LLC
FL

Florida Peninsula Holdings LLC

Entity: Limited Liability Company (LLC)

Industry: Direct Property and Casualty Insurance Carriers

Location: Boca Raton, FL

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Florida Peninsula Holdings LLC is a limited liability company (LLC) located at 903 Nw 65th St in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $3,231,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.23M

Jobs Retained:

202

Loan Approved:

2020-04-30

Lender:

REGIONS BANK

Florida Peninsula Holdings LLC in Boca Raton, FL received a Paycheck Protection Loan of $3.23M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Florida Peninsula Holdings LLC's total 2019 payroll expenses were approximately $15.51M in order to qualify for the PPP loan amount received.

Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $76,798 per employee1.

Because the loan received by Florida Peninsula Holdings LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Florida Peninsula Holdings LLC in Boca Raton, FL

Florida Peninsula Holdings LLC
903 Nw 65th St
Boca Raton, FL 33487

Business Industry

Direct Property and Casualty Insurance Carriers (NAICS code 524126)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-22

Industry PPP Comparison Statistics

Nationwide, 4,105 businesses in the "Direct Property and Casualty Insurance Carriers" industry received a total of $356,353,782.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, 97% lower than Florida Peninsula Holdings LLC's reported 202 employees, and received an average PPP loan of $86,810, 97% lower than this company's loan of $3.23M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/florida-peninsula-holdings-llc-boca-raton-fl