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PPP Loan Data — Haag-IP LLC,
Tampa, FL
FRANCHISE
FLHaag-IP LLC
Entity: Limited Liability Company (LLC)
Industry: Snack and Nonalcoholic Beverage Bars
Franchise: Haagen-Dazs
Location: Tampa, FL
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Haag-IP LLC is a limited liability company (LLC) located at 2223 N West Shore Blvd Ste Fc209 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $23,312.00 in February, 2021. This business is a Haagen-Dazs franchise.
$
PPP Loan Information
Loan #3776258508
Loan Size:
Jobs Retained:
7Loan Approved:
2021-02-24Loan Status:
Ongoing LoanLender:
Truist Bank d/b/a Branch Banking & Trust CoHaag-IP LLC in Tampa, FL received a Paycheck Protection Loan of $23,312 through Truist Bank d/b/a Branch Banking & Trust Co, 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.
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 MoreUnderstanding 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 MoreBased 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, Haag-IP LLC's 2019 payroll expenses are estimated to be at least $111,898.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $15,985 per employee1
Reported PPP Proceed Usage:
On the PPP application, Haag-IP LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $23,311
- Utilities: $1
Business Information - Haag-IP LLC in Tampa, FL
2223 N West Shore Blvd Ste Fc209
Tampa, FL 33607
Business Industry:
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
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: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 10 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 7) and received an average PPP loan of $55,177 (compared to this company's $23,312).
Similar Nearby Businesses Who Received PPP Funding:
Mad Chiller World Inc
Tampa, FL
Chiquinho Ice Cream 03 LLC
Tampa, FL
Three Mahas LLC
Tampa, FL
DI Coffee Bar, LLC
Tampa, FL
813 Incorporated
Tampa, FL
DNK Burgers II, LLC
Tampa, FL
2001 Inc
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Industry PPP Comparison Statistics
Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B 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 11 employees, 57% higher than Haag-IP LLC's reported 7 employees, and received an average PPP loan of $52,130, 124% higher than this company's loan of $23,312.
Haag-IP, LLC
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Tampa, FL
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Haag-IP, LLC is a limited liability company (LLC) located at 2223 N West Shore Blvd Fc209 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $24,961.00 in April, 2020.
$
PPP Loan Information
Loan #2059757207
Loan Size:
Jobs Retained:
9Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Truist Bank d/b/a Branch Banking & Trust CoHaag-IP, LLC in Tampa, FL received a Paycheck Protection Loan of $24,961 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 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 April, 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 MoreUnderstanding 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 MoreBased 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, Haag-IP, LLC's 2019 payroll expenses are estimated to be at least $119,813.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,313 per employee1
Reported PPP Proceed Usage:
On the PPP application, Haag-IP, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,961
Business Information - Haag-IP, LLC in Tampa, FL
2223 N West Shore Blvd Fc209
Tampa, FL 33607
Business Industry:
Limited-Service Restaurants
NAICS code 722513
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: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 40 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 9) and received an average PPP loan of $414,653 (compared to this company's $24,961).
Similar Nearby Businesses Who Received PPP Funding:
Reem AL-Bawadi II Inc
Tampa, FL
Pizza Hotline, Inc
Tampa, FL
China Wok Of Fiesta Plaza Inc
Tampa, FL
Palau's Cafe Corp
Tampa, FL
Todd W. Deli, LLC
Tampa, FL
Almery LLC
Tampa, FL
Sarge's BBQ Noho
Tampa, FL
Fitlife Foods Tampa LLC
Tampa, FL
JTS Enterprises Of Tampa LTD
Tampa, FL
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 133% higher than Haag-IP, LLC's reported 9 employees, and received an average PPP loan of $100,980, 305% higher than this company's loan of $24,961.
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.
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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