PPP Loan Data — Milner May Enterprises LLC, Oviedo, FL
Milner May Enterprises LLC is a subchapter s corporation located at 2179 Stone Street in Oviedo, Florida that received a Coronavirus-related PPP loan from the SBA of $24,800.00 in April, 2020. This business is a Bruster's Real Ice Cream franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:United Community Bank
Milner May Enterprises LLC in Oviedo, FL received a Paycheck Protection Loan of $24,800 through United Community Bank, 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 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, Milner May Enterprises LLC's 2019 payroll expenses are estimated to be at least $119,040.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Milner May Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,800
Business Information - Milner May Enterprises LLC in Oviedo, FL
2179 Stone Street
Oviedo, FL 32765
Window Treatment Stores
NAICS code 442291
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oviedo
In the Oviedo area, 2 businesses in the "Window Treatment Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $24,450 (compared to this company's $24,800).
Similar Nearby Businesses Who Received PPP Funding:
Rize Incorporated Of Central Florida
Industry PPP Comparison Statistics
Nationwide, 2,939 businesses in the "Window Treatment Stores" industry received a total of $128.07M 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, 17% lower than Milner May Enterprises LLC's reported 6 employees, and received an average PPP loan of $43,577, 76% higher than this company's loan of $24,800.
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Footnotes & Information
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