PPP Loan Data — HKI Soundigital USA LLC, Dania Beach, FL
HKI Soundigital USA LLC
Entity: Limited Liability Company (LLC)
Location: Dania Beach, FLTweet This • Search All PPP Data
HKI Soundigital USA LLC is a limited liability company (LLC) located at 73 Sw 12th Ave Ste 102 in Dania Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $24,913.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
HKI Soundigital USA LLC in Dania Beach, FL received a Paycheck Protection Loan of $24,913 through Bank of America, National Association, 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 April, 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, HKI Soundigital USA LLC's 2019 payroll expenses are estimated to be at least $119,582.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,896 per employee1
Reported PPP Proceed Usage:
On the PPP application, HKI Soundigital USA LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,913
Business Information - HKI Soundigital USA LLC in Dania Beach, FL
73 Sw 12th Ave Ste 102
Dania Beach, FL 33004
Other Electronic Parts and Equipment Merchant Wholesalers
NAICS code 423690
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,801 businesses in the "Other Electronic Parts and Equipment Merchant Wholesalers" industry received a total of $613M 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, 175% higher than HKI Soundigital USA LLC's reported 4 employees, and received an average PPP loan of $127,682, 413% higher than this company's loan of $24,913.
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Footnotes & Information
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