PPP Loan Data — Miafruta LLC, Miami, FL
Miafruta LLC is a limited liability company (LLC) located at 770 Claughton Island 709 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $24,800.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Miafruta LLC in Miami, FL received a Paycheck Protection Loan of $24,800 through Citibank, N.A., 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 February, 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, Miafruta LLC's 2019 payroll expenses are estimated to be at least $119,040.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,227 per employee1
Reported PPP Proceed Usage:
On the PPP application, Miafruta LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,800
Business Information - Miafruta LLC in Miami, FL
770 Claughton Island 709
Miami, FL 33131
NAICS code 999990
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 156 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 9) and received an average PPP loan of $38,134 (compared to this company's $24,800).
Similar Nearby Businesses Who Received PPP Funding:
Puccis Bayside LLC
Jeffrey Peter Fields PA
Biscayne Ehr Services, Inc
Group Vme International Corp
Johnson Unlimited, LLC
New Corban Inc
Neil A. Deleon, PA
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 11% higher than Miafruta LLC's reported 9 employees, and received an average PPP loan of $42,878, 73% higher than this company's loan of $24,800.
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Footnotes & Information
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