PPP Loan Data — Marketing And Sports Agency Corp, Miami, FL
Marketing And Sports Agency Corp is a corporation located at 1450 Brickell Bay Dr Apt 1711 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $25,184.00 in January, 2021.
The company has reported itself as an American indian or alaska native female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Marketing And Sports Agency Corp in Miami, FL received a Paycheck Protection Loan of $25,184 through Regions Bank, which was approved in January, 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, Marketing And Sports Agency Corp's 2019 payroll expenses are estimated to be at least $120,883.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,442 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marketing And Sports Agency Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,181
- Utilities: $1
Business Information - Marketing And Sports Agency Corp in Miami, FL
1450 Brickell Bay Dr Apt 1711
Miami, FL 33131
Independent Artists, Writers, and Performers
NAICS code 711510
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 83 businesses in the "Independent Artists, Writers, and Performers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $14,730 (compared to this company's $25,184).
Similar Nearby Businesses Who Received PPP Funding:
Manmar Entertainment LLC
Interstellar Records LLC
AG Talent Inc
Industry PPP Comparison Statistics
Nationwide, 99,116 businesses in the "Independent Artists, Writers, and Performers" industry received a total of $1.63B 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 2 employees, the same amount reported by Marketing And Sports Agency Corp and received an average PPP loan of $16,422, 35% lower than this company's loan of $25,184.
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Footnotes & Information
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