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PPP Loan Data — Hunters Run Property Owners Association, Inc., Boynton Beach, FL

SBA PPP loan data, payroll data, and salaries for Hunters Run Property Owners Association, Inc.
FL

Hunters Run Property Owners Association, Inc.

Entity: Corporation

Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)

Location: Boynton Beach, FL

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Hunters Run Property Owners Association, Inc. is a corporation located at 3500 Clubhouse Lane in Boynton Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $2,870,271.00 in April, 2020.

The company has reported itself as a male owned business.

$ PPP Loan Information

Loan Size:

$2.87M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-29

Lender:

UNITED COMMUNITY BANK

Hunters Run Property Owners Association, Inc. received a Paycheck Protection Loan of $2.87M through UNITED COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hunters Run Property Owners Association, Inc.'s total 2019 payroll expenses were approximately $13.78M in order to qualify for the PPP loan amount received.

Unlike most businesses, Hunters Run Property Owners Association, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Hunters Run Property Owners Association, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Hunters Run Property Owners Association, Inc. in Boynton Beach, FL

Hunters Run Property Owners Association, Inc.
3500 Clubhouse Lane
Boynton Beach, FL 33436

Business Industry

Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) (NAICS code 813990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: FL-21

Similar Companies near Boynton Beach

In the Boynton Beach area, 4 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 0) and received an average PPP loan of $1,081,160 (compared to this company's $2.87M).

Industry PPP Comparison Statistics

Nationwide, 5,649 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a total of $456,342,271.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, and received an average PPP loan of $80,783, 97% lower than this company's loan of $2.87M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hunters-run-property-owners-association-inc-boynton-beach-fl