PPP Loan Data — Jeunesse LLC, Lake Mary, FL
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
Lender:FIRST STATE BANK
Jeunesse LLC received a Paycheck Protection Loan of $5.27M through FIRST STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jeunesse LLC's total 2019 payroll expenses were approximately $25.31M in order to qualify for the PPP loan amount received.
Based on their reported 361 jobs retained, this equals an estimated average yearly compensation of $70,119 per employee1.
Business Information - Jeunesse LLC in Lake Mary, FL
701 International Pkwy
Lake Mary, FL 32746
Other Direct Selling Establishments (NAICS code 454390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-07
Similar Companies near Lake Mary
In the Lake Mary area, 4 businesses in the "Other Direct Selling Establishments" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 361) and received an average PPP loan of $1,356,249 (compared to this company's $5.27M).
Similar Nearby Businesses Who Received PPP Funding:
Lake Mary, FL
The Yellow Letter Shop
Lake Mary, FL
Neometrix Technologies, Inc.
Lake Mary, FL
Industry PPP Comparison Statistics
Nationwide, 11,977 businesses in the "Other Direct Selling Establishments" industry received a total of $632,841,121.00 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 5 employees, 99% lower than Jeunesse LLC's reported 361 employees, and received an average PPP loan of $52,838, 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.
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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