PPP Loan Data — Granite City Of Largo LLC, Largo, FL
Granite City Of Largo LLC is a limited liability company (LLC) located at 2301 34th Way, in Largo, Florida that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in May, 2020.
The company has reported itself as an American indian or alaska native male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Granite City Of Largo LLC in Largo, FL received a Paycheck Protection Loan of $47,000 through Regions 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 May, 2021.
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, Granite City Of Largo LLC's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $25,067 per employee1
Reported PPP Proceed Usage:
On the PPP application, Granite City Of Largo LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Granite City Of Largo LLC in Largo, FL
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Granite City Of Largo LLC's reported 9 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $47,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!