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PPP Loan Data — Jeunesse LLC, Lake Mary, FL

SBA PPP loan data, payroll data, and salaries for Jeunesse LLC
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 Size:

$5.27M

Jobs Retained:

361

Loan Approved:

2020-04-13

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.

Because the loan received by Jeunesse LLC 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 - Jeunesse LLC in Lake Mary, FL

Jeunesse LLC
701 International Pkwy
Lake Mary, FL 32746

Business Industry

Other Direct Selling Establishments (NAICS code 454390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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/jeunesse-llc-lake-mary-fl