PPP Loan Data — La Nopalera Beach Blvd Inc, Middleburg, FL
La Nopalera Beach Blvd Inc is a corporation located at 14333 Beach Blvd Suite 39 in Middleburg, Florida that received a Coronavirus-related PPP loan from the SBA of $25,028.00 in June, 2020.
The company has reported itself as a female owned business, and employed at least nineteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
La Nopalera Beach Blvd Inc in Middleburg, FL received a Paycheck Protection Loan of $25,028 through VyStar CU, which was approved in June, 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 June, 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, La Nopalera Beach Blvd Inc's 2019 payroll expenses are estimated to be at least $120,134.
Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $6,323 per employee1
Reported PPP Proceed Usage:
On the PPP application, La Nopalera Beach Blvd Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,528
- Utilities: $1,500
- Rent: $4,000
Business Information - La Nopalera Beach Blvd Inc in Middleburg, FL
14333 Beach Blvd Suite 39
Middleburg, FL 32050
NAICS code 722511
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 16% higher than La Nopalera Beach Blvd Inc's reported 19 employees, and received an average PPP loan of $129,504, 417% higher than this company's loan of $25,028.
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Footnotes & Information
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