PPP Loan Data — Limited Edition Jewelry, Miami, FL
Limited Edition Jewelry
Entity: Independent Contractor
Location: Miami, FLTweet This • Search All PPP Data
Limited Edition Jewelry is an independent contractor located in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Limited Edition Jewelry in Miami, FL received a Paycheck Protection Loan of $25,000 through Regions Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Limited Edition Jewelry reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Limited Edition Jewelry in Miami, FL
* Full address is redacted to protect the privacy of individuals.
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 123 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $69,691 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Irene Militza Marquez
National Retail Concessions Inc
Newslink Management Group LLC
Joyeria Jovanni, Inc
MED Ex Management Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 300% higher than Limited Edition Jewelry's reported 1 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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