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

PPP Loan Data — Goldhofer Inc, Miramar, FL

ALERT: There are 2 PPP loans for a total of $120,282 in our database for businesses with the name "Goldhofer Inc" in Miramar, 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 Goldhofer Inc
FL

Goldhofer Inc is a corporation located at 7401 Riviera Blvd in Miramar, Florida that received a Coronavirus-related PPP loan from the SBA of $73,255.00 in February, 2021.

$ PPP Loan Information
Loan #3461368501

Loan Size:

$73,255

Jobs Retained:

3

Loan Approved:

2021-02-24

Loan Status:

Ongoing Loan

Lender:

HSBC Bank USA, National Association
Likely Employment Reduction3

Goldhofer Inc in Miramar, FL received a Paycheck Protection Loan of $73,255 through HSBC Bank USA, National Association, which was approved in February, 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.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 3 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 4. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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, Goldhofer Inc's 2019 payroll expenses are estimated to be at least $351,624 (not accounting for salary amounts > $100k).

Because the 3 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

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

  • Payroll: $73,253
  • Utilities: $1

Business Information - Goldhofer Inc in Miramar, FL

Goldhofer Inc
7401 Riviera Blvd
Miramar, FL 33023

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Broward County, FL — SBA Office 0455 — Congressional District: FL-20

Similar Companies near Miramar

In the Miramar area, 14 businesses in the "Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $63,644 (compared to this company's $73,255).

Industry PPP Comparison Statistics

Nationwide, 15,714 businesses in the "Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers" industry received a total of $612.65M 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 3 employees, the same amount reported by Goldhofer Inc and received an average PPP loan of $38,987, 47% lower than this company's loan of $73,255.

SBA PPP loan data, payroll data, and salaries for Goldhofer, Inc
FL

Goldhofer, Inc

Entity: Corporation

Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing

Location: Miramar, FL

Search All PPP Data

Goldhofer, Inc is a corporation located at 7401 Riviera Blvd in Miramar, Florida that received a Coronavirus-related PPP loan from the SBA of $47,027.00 in May, 2020.

$ PPP Loan Information
Loan #8262297301

Loan Size:

$47,027

Jobs Retained:

3

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

American National Bank

Goldhofer, Inc in Miramar, FL received a Paycheck Protection Loan of $47,027 through American National Bank, which was approved in May, 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

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, Goldhofer, Inc's 2019 payroll expenses are estimated to be at least $225,730.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,243 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $38,000
  • Utilities: $1,027
  • Rent: $8,000

Business Information - Goldhofer, Inc in Miramar, FL

Goldhofer, Inc
7401 Riviera Blvd
Miramar, FL 33023

Business Industry:
Other Aircraft Parts and Auxiliary Equipment Manufacturing
NAICS code 336413

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Broward County, FL — SBA Office 0455 — Congressional District: FL-20

Industry PPP Comparison Statistics

Nationwide, 1,490 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $647.29M 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 34 employees, 1033% higher than Goldhofer, Inc's reported 3 employees, and received an average PPP loan of $434,424, 824% higher than this company's loan of $47,027.

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.


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Source: www.federalpay.org/paycheck-protection-program/goldhofer-inc-miramar-fl