PPP Loan Data — Maxim Aviation LLC, Summerland, FL
Maxim Aviation LLC
Entity: Limited Liability Company (LLC)
Location: Summerland, FLTweet This • Search All PPP Data
Maxim Aviation LLC is a limited liability company (LLC) located at 17221 Angelfish Ln in Summerland, Florida that received a Coronavirus-related PPP loan from the SBA of $46,875.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Maxim Aviation LLC in Summerland, FL received a Paycheck Protection Loan of $46,875 through Wells Fargo Bank, National Association, which was approved in June, 2020.
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 May, 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, Maxim Aviation LLC's 2019 payroll expenses are estimated to be at least $225,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maxim Aviation LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,875
Business Information - Maxim Aviation LLC in Summerland, FL
17221 Angelfish Ln
Summerland, FL 33042
Nonscheduled Chartered Passenger Air Transportation
NAICS code 481211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,637 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a total of $373.23M 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 16 employees, 433% higher than Maxim Aviation LLC's reported 3 employees, and received an average PPP loan of $227,999, 386% higher than this company's loan of $46,875.
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Footnotes & Information
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