PPP Loan Data — G.f.b. Enterprises, LLC, Miami, FL
G.f.b. Enterprises, LLC is a limited liability company (LLC) located at 13750 Sw 136th Street in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $2,380,700.00 in April, 2020. This business is a Lexus Dealer Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City National Bank of Florida
G.f.b. Enterprises, LLC in Miami, FL received a Paycheck Protection Loan of $2.38M through City National Bank of Florida, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, G.f.b. Enterprises, LLC's 2019 payroll expenses are estimated to be at least $11.43M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $47,614 per employee1
Reported PPP Proceed Usage:
On the PPP application, G.f.b. Enterprises, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,785,525
- Utilities: $595,175
Business Information - G.f.b. Enterprises, LLC in Miami, FL
13750 Sw 136th Street
Miami, FL 33186
New Car Dealers
NAICS code 441110
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, 15 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 240) and received an average PPP loan of $469,461 (compared to this company's $2.38M).
Similar Nearby Businesses Who Received PPP Funding:
Fuentes Investments USA Corp
Saturn Marketing LLC
West Kendall Imports, LLC
Martin Auto Shop, Inc
AA Autos Sales Corp
Nelson Moreno De Ayala Diaz
EP Motors Inc
Exclusive Trucks & Cars LLC
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 78% lower than G.f.b. Enterprises, LLC's reported 240 employees, and received an average PPP loan of $618,860, 74% lower than this company's loan of $2.38M.
FederalPay's PPP Information Policy
Footnotes & Information
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