PPP Loan Data — Harborwalk Holding LLC, Destin, FL
Harborwalk Holding LLC is a limited liability company (LLC) located at 4471 Legendary Dr in Destin, Florida that received a Coronavirus-related PPP loan from the SBA of $2,069,882.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Harborwalk Holding LLC in Destin, FL received a Paycheck Protection Loan of $2.07M through ServisFirst Bank, which was approved in April, 2020.
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, Harborwalk Holding LLC's 2019 payroll expenses are estimated to be at least $9.94M.
Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $44,355 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harborwalk Holding LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,069,882
Business Information - Harborwalk Holding LLC in Destin, FL
4471 Legendary Dr
Destin, FL 32541
Other Activities Related to Real Estate
NAICS code 531390
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Destin
In the Destin area, 31 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 224) and received an average PPP loan of $146,717 (compared to this company's $2.07M).
Similar Nearby Businesses Who Received PPP Funding:
Property Pros Preservation LLC
Coastline Property & Investments Inc
Cynthia Lea Blanton PA
Emerald Bay Development Corporation
Jim Ball LLC
Harbour Partners FL LLC
Progressive Management Of America Inc
Industry PPP Comparison Statistics
Nationwide, 79,334 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.69B 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 4 employees, 98% lower than Harborwalk Holding LLC's reported 224 employees, and received an average PPP loan of $46,456, 98% lower than this company's loan of $2.07M.
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Footnotes & Information
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