PPP Loan Data — Mediapro Us HR Services LLC, Miami, FL
Mediapro Us HR Services LLC is a limited liability company (LLC) located at 7331 Nw 74th St in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $2,919,357.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Mediapro Us HR Services LLC in Miami, FL received a Paycheck Protection Loan of $2.92M through PNC Bank, National Association, which was approved in April, 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 July, 2020.
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, Mediapro Us HR Services LLC's 2019 payroll expenses are estimated to be at least $14.01M.
Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $52,287 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mediapro Us HR Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,917,357
- Utilities: $1,000
- Rent: $1,000
Business Information - Mediapro Us HR Services LLC in Miami, FL
7331 Nw 74th St
Miami, FL 33166
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Mediapro Us HR Services LLC.
Hola TV Us LLC
All Other Personal Services
Similar Companies near Miami
In the Miami area, 70 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 268) and received an average PPP loan of $89,145 (compared to this company's $2.92M).
Similar Nearby Businesses Who Received PPP Funding:
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Jurado Law Group
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Duque, Kelley & Associates, PLLC
Javi Vazquez PA
Law Offices Of Trujillo & Associates P
Jesika Diaz Munar, PA
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The Law Office Of Raphael A. Sanchez PA
Industry PPP Comparison Statistics
Nationwide, 200,507 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Mediapro Us HR Services LLC's reported 268 employees, and received an average PPP loan of $81,669, 97% lower than this company's loan of $2.92M.
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Footnotes & Information
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