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PPP Loan Data — Jeunesse LLC,
Lake Mary, FL
Jeunesse LLC
Entity: Limited Liability Company (LLC)
Industry: Other Direct Selling Establishments
Location: Lake Mary, FL
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Jeunesse LLC is a limited liability company (LLC) located at 701 International Pkwy in Lake Mary, Florida that received a Coronavirus-related PPP loan from the SBA of $5,273,500.00 in April, 2020.
$
PPP Loan Information
Loan #5231137107
Loan Size:
Jobs Retained:
361Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
First State BankJeunesse LLC in Lake Mary, FL received a Paycheck Protection Loan of $5.27M through First State Bank, 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 August, 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, Jeunesse LLC's 2019 payroll expenses are estimated to be at least $25.31M.
Based on their reported 361 jobs retained, this equals an estimated average yearly compensation of $70,119 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jeunesse LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,273,500
Business Information - Jeunesse LLC in Lake Mary, FL
701 International Pkwy
Lake Mary, FL 32746
Business Industry:
Other Direct Selling Establishments
NAICS code 454390
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: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Lake Mary
In the Lake Mary area, 7 businesses in the "Other Direct Selling Establishments" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 361) and received an average PPP loan of $779,202 (compared to this company's $5.27M).
Similar Nearby Businesses Who Received PPP Funding:
Dumpsty, LLC
Lake Mary, FL
The Yellow Letter Shop
Lake Mary, FL
Neometrix Technologies, Inc
Lake Mary, FL
Akmg Sales LLC
Lake Mary, FL
Atlantic Networking Distribution
Lake Mary, FL
Blue Sky Collection
Lake Mary, FL
Industry PPP Comparison Statistics
Nationwide, 36,930 businesses in the "Other Direct Selling Establishments" industry received a total of $1.2B 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 3 employees, 99% lower than Jeunesse LLC's reported 361 employees, and received an average PPP loan of $32,517, 99% lower than this company's loan of $5.27M.
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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