PPP Loan Data — Lakeland Moonwalk Of Polk County Inc, Lakeland, FL
Lakeland Moonwalk Of Polk County Inc is a corporation located at 1248 George Jenkins Blvd B2 in Lakeland, Florida that received a Coronavirus-related PPP loan from the SBA of $25,170.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lakeland Moonwalk Of Polk County Inc in Lakeland, FL received a Paycheck Protection Loan of $25,170 through Midflorida CU, which was approved in April, 2020.
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, Lakeland Moonwalk Of Polk County Inc's 2019 payroll expenses are estimated to be at least $120,816.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,102 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lakeland Moonwalk Of Polk County Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,170
Business Information - Lakeland Moonwalk Of Polk County Inc in Lakeland, FL
1248 George Jenkins Blvd B2
Lakeland, FL 33815
All Other Consumer Goods Rental
NAICS code 532289
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lakeland
In the Lakeland area, 3 businesses in the "All Other Consumer Goods Rental" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 8) and received an average PPP loan of $45,946 (compared to this company's $25,170).
Similar Nearby Businesses Who Received PPP Funding:
Marilyn's Linen & Weddings Inc
Industry PPP Comparison Statistics
Nationwide, 5,448 businesses in the "All Other Consumer Goods Rental" industry received a total of $379.38M 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, the same amount reported by Lakeland Moonwalk Of Polk County Inc and received an average PPP loan of $69,637, 177% higher than this company's loan of $25,170.
FederalPay's PPP Information Policy
Footnotes & Information
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