PPP Loan Data — MBR Of Fort Lauderdale LLC, Fort Lauderdale, FL
MBR Of Fort Lauderdale LLC is a limited liability company (LLC) located at 108 Se 1st St in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $25,335.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
MBR Of Fort Lauderdale LLC in Fort Lauderdale, FL received a Paycheck Protection Loan of $25,335 through Bank of America, National Association, which was approved in May, 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 March, 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, MBR Of Fort Lauderdale LLC's 2019 payroll expenses are estimated to be at least $121,608.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,161 per employee1
Reported PPP Proceed Usage:
On the PPP application, MBR Of Fort Lauderdale LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,335
Business Information - MBR Of Fort Lauderdale LLC in Fort Lauderdale, FL
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than MBR Of Fort Lauderdale LLC's reported 10 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,335.
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Footnotes & Information
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