PPP Loan Data — Loop, LLC, Clearwater, FL
Loop, LLC is a limited liability company (LLC) located at 33 Garden Ave, in Clearwater, Florida that received a Coronavirus-related PPP loan from the SBA of $5,343,400.00 in April, 2020.
$ PPP Loan Information
Loop, LLC in Clearwater, FL received a Paycheck Protection Loan of $5.34M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Loop, LLC's total 2019 payroll expenses were approximately $25.65M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $85,494 per employee1.
Business Information - Loop, LLC in Clearwater, FL
33 Garden Ave,
Clearwater, FL 33755
Other Services Related to Advertising (NAICS code 541890)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-13
Similar Companies near Clearwater
In the Clearwater area, 5 businesses in the "Other Services Related to Advertising" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 300) and received an average PPP loan of $1,074,766 (compared to this company's $5.34M).
Similar Nearby Businesses Who Received PPP Funding:
Reliable Promotions U.S. Inc.
Milestone Strategies, LLC
Humankind Communications Company
Industry PPP Comparison Statistics
Nationwide, 5,061 businesses in the "Other Services Related to Advertising" industry received a total of $403,004,422.00 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 6 employees, 98% lower than Loop, LLC's reported 300 employees, and received an average PPP loan of $79,629, 99% lower than this company's loan of $5.34M.
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, and is published unmodified, as provided by the SBA.
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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