PPP Loan Data — Keys Kids LLC, Venice, FL
Keys Kids LLC is a corporation located at 511 Us Highway 41 Bypass N in Venice, Florida that received a Coronavirus-related PPP loan from the SBA of $46,813.00 in April, 2020. This business is a Batteries Plus Bulbs franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Keys Kids LLC in Venice, FL received a Paycheck Protection Loan of $46,813 through Synovus 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 February, 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, Keys Kids LLC's 2019 payroll expenses are estimated to be at least $224,702.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,450 per employee1
Reported PPP Proceed Usage:
On the PPP application, Keys Kids LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,813
Business Information - Keys Kids LLC in Venice, FL
511 Us Highway 41 Bypass N
Venice, FL 34285
NAICS code 443142
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Venice
In the Venice area, 5 businesses in the "Electronics Stores" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 6) and received an average PPP loan of $345,567 (compared to this company's $46,813).
Similar Nearby Businesses Who Received PPP Funding:
Sarasota Avionics Inc
June Tomaso-Wood Lcsw LLC
Industry PPP Comparison Statistics
Nationwide, 13,096 businesses in the "Electronics Stores" industry received a total of $848.58M 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 8 employees, 33% higher than Keys Kids LLC's reported 6 employees, and received an average PPP loan of $64,797, 38% higher than this company's loan of $46,813.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!