PPP Loan Data — Luis Saracco, Wellington, FL
Luis Saracco is a self-employed individual located in Wellington, Florida that received a Coronavirus-related PPP loan from the SBA of $20,576.00 in May, 2021.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Harvest Small Business Finance, LLC
Luis Saracco in Wellington, FL received a Paycheck Protection Loan of $20,576 through Harvest Small Business Finance, LLC, which was approved in May, 2021.
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 October, 2021.
Reported PPP Proceed Usage:
On the PPP application, Luis Saracco reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,576
Business Information - Luis Saracco in Wellington, FL
* Full address is redacted to protect the privacy of individuals.
Horses and Other Equine Production
NAICS code 112920
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Luis Saracco.
La Maria Inc
All Other Support Services
Cobra Express Inc
General Freight Trucking, Local
Viel Temperley Co
Other Management Consulting Services
N Foldy Inc
All Other Support Services
Wellington Tax Services Co
Tax Preparation Services
Similar Companies near Wellington
In the Wellington area, 45 businesses in the "Horses and Other Equine Production" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $26,706 (compared to this company's $20,576).
Similar Nearby Businesses Who Received PPP Funding:
Jose E. Hernandez
Quintana Show Stables
Galindo 3 Polo, Inc
Horse Gym USA LLC
Lutz Manfredi Showjumping LLC
Wellington Training Stables
Wolfstone Stables & Sales Inc
Maarten Huygens Horse Sales Inc
Industry PPP Comparison Statistics
Nationwide, 7,159 businesses in the "Horses and Other Equine Production" industry received a total of $161.79M 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 3 employees, 200% higher than Luis Saracco's reported 1 employees, and received an average PPP loan of $22,599, 10% higher than this company's loan of $20,576.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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