PPP Loan Data — Michael Paris Enterprises, Inc, Pensacola, FL
Michael Paris Enterprises, Inc is a corporation located at 185 West Airport Blvd Suite B in Pensacola, Florida that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Michael Paris Enterprises, Inc in Pensacola, FL received a Paycheck Protection Loan of $25,200 through Regions Bank, which was approved in April, 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, Michael Paris Enterprises, Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,096 per employee1
Reported PPP Proceed Usage:
On the PPP application, Michael Paris Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Michael Paris Enterprises, Inc in Pensacola, FL
185 West Airport Blvd Suite B
Pensacola, FL 32505
NAICS code 453110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Pensacola
In the Pensacola area, 2 businesses in the "Florists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 10) and received an average PPP loan of $16,550 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Royalty Baskets And Treasures
Industry PPP Comparison Statistics
Nationwide, 14,164 businesses in the "Florists" industry received a total of $379.04M 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 5 employees, 50% lower than Michael Paris Enterprises, Inc's reported 10 employees, and received an average PPP loan of $26,761, 6% higher than this company's loan of $25,200.
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Footnotes & Information
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