PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Global Food Services Inc, Tampa, FL

ALERT: There are 2 PPP loans for a total of $99,425 in our database for businesses with the name "Global Food Services Inc" in Tampa, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Global Food Services Inc
FL

Global Food Services Inc

Entity: Corporation

Industry: Frozen Specialty Food Manufacturing

Location: Tampa, FL

Search All PPP Data

Global Food Services Inc is a corporation located at 5502 W Executive Dr # 5502 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $46,625.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least twelve people during the applicable loan loan period.

$ PPP Loan Information
Loan #2910938301

Loan Size:

$46,625

Jobs Retained:

12

Loan Approved:

2021-01-21

Loan Status:

Ongoing Loan

Lender:

Seacoast National Bank

Global Food Services Inc in Tampa, FL received a Paycheck Protection Loan of $46,625 through Seacoast National Bank, which was approved in January, 2021.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Global Food Services Inc's 2019 payroll expenses are estimated to be at least $223,800.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,650 per employee1

Reported PPP Proceed Usage:

On the PPP application, Global Food Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,620
  • Utilities: $1

Business Information - Global Food Services Inc in Tampa, FL

Global Food Services Inc
5502 W Executive Dr # 5502
Tampa, FL 33609

Business Industry:
Frozen Specialty Food Manufacturing
NAICS code 311412

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hillsborough County, FL — SBA Office 0455 — Congressional District: FL-14

Industry PPP Comparison Statistics

Nationwide, 1,019 businesses in the "Frozen Specialty Food Manufacturing" industry received a total of $203.26M 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 23 employees, 92% higher than Global Food Services Inc's reported 12 employees, and received an average PPP loan of $199,473, 328% higher than this company's loan of $46,625.

SBA PPP loan data, payroll data, and salaries for Global Food Services Inc
FL

Global Food Services Inc

Entity: Corporation

Industry: All Other Miscellaneous Food Manufacturing

Location: Tampa, FL

Search All PPP Data

Global Food Services Inc is a corporation located at 5502 W Executive Drive in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $52,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.

$ PPP Loan Information
Loan #2391217102

Loan Size:

$52,800

Jobs Retained:

9

Loan Approved:

2020-04-10

Loan Status:

Ongoing Loan

Lender:

Seacoast National Bank

Global Food Services Inc in Tampa, FL received a Paycheck Protection Loan of $52,800 through Seacoast National Bank, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Global Food Services Inc's 2019 payroll expenses are estimated to be at least $253,440.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $28,160 per employee1

Reported PPP Proceed Usage:

On the PPP application, Global Food Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $52,800

Business Information - Global Food Services Inc in Tampa, FL

Global Food Services Inc
5502 W Executive Drive
Tampa, FL 33609

Business Industry:
All Other Miscellaneous Food Manufacturing
NAICS code 311999

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hillsborough County, FL — SBA Office 0455 — Congressional District: FL-14

Industry PPP Comparison Statistics

Nationwide, 4,790 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $554.13M 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 13 employees, 44% higher than Global Food Services Inc's reported 9 employees, and received an average PPP loan of $115,685, 119% higher than this company's loan of $52,800.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/global-food-services-inc-tampa-fl