PPP Loan Data — Miami Select Volleyball Camps, Inc, Miami, FL
Miami Select Volleyball Camps, Inc is a corporation located at 10850 Sw 136 Street in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $25,220.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Miami Select Volleyball Camps, Inc in Miami, FL received a Paycheck Protection Loan of $25,220 through Truist Bank d/b/a Branch Banking & Trust Co, 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 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, Miami Select Volleyball Camps, Inc's 2019 payroll expenses are estimated to be at least $121,056.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,264 per employee1
Reported PPP Proceed Usage:
On the PPP application, Miami Select Volleyball Camps, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,220
Business Information - Miami Select Volleyball Camps, Inc in Miami, FL
10850 Sw 136 Street
Miami, FL 33176
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
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, 55 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 4) and received an average PPP loan of $39,318 (compared to this company's $25,220).
Similar Nearby Businesses Who Received PPP Funding:
OTF West Kendall LLC
Ladies Fitness Of Miami Ysl Corp
Sensory Fitness, LLC
Oscar Benitez DBA None
STL Fitness Studio 5 LLC
Graf Voren Holt LLC
South Florida Fitness Inc-Palmetto Bay
Einarantonio Muniz Seda
Industry PPP Comparison Statistics
Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B 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 12 employees, 200% higher than Miami Select Volleyball Camps, Inc's reported 4 employees, and received an average PPP loan of $47,823, 90% higher than this company's loan of $25,220.
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