PPP Loan Data — GBF Rent A Car LLC, Miami, FL
GBF Rent A Car LLC
Entity: Limited Liability Company (LLC)
Location: Miami, FLTweet This • Search All PPP Data
GBF Rent A Car LLC is a limited liability company (LLC) located at 10225 Sw 8th Ter in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $25,055.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
GBF Rent A Car LLC in Miami, FL received a Paycheck Protection Loan of $25,055 through Bank of America, National Association, which was approved in April, 2020.
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, GBF Rent A Car LLC's 2019 payroll expenses are estimated to be at least $120,264.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,066 per employee1
Reported PPP Proceed Usage:
On the PPP application, GBF Rent A Car LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,055
Business Information - GBF Rent A Car LLC in Miami, FL
10225 Sw 8th Ter
Miami, FL 33174
Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
NAICS code 532120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 25 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 4) and received an average PPP loan of $12,900 (compared to this company's $25,055).
Similar Nearby Businesses Who Received PPP Funding:
Luis Acosta Diaz
Industry PPP Comparison Statistics
Nationwide, 6,695 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $352.27M 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 4 employees, the same amount reported by GBF Rent A Car LLC and received an average PPP loan of $52,616, 110% higher than this company's loan of $25,055.
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Footnotes & Information
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