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PPP Loan Data — Mimosa Property Management LLC,
Miami Beach, FL
Mimosa Property Management LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Miami Beach, FL
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Mimosa Property Management LLC is a limited liability company (LLC) located at 6525 Collins Avenue in Miami Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $79,082.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
12Loan Approved:
2020-04-06Lender:
CITY NATIONAL BANK OF FLORIDAMimosa Property Management LLC received a Paycheck Protection Loan of $79,082 through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Mimosa Property Management LLC's total 2019 payroll expenses were approximately $379,594 in order to qualify for the PPP loan amount received.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $31,633 per employee1.
Business Information - Mimosa Property Management LLC in Miami Beach, FL
6525 Collins Avenue
Miami Beach, FL 33141
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-27Similar Companies near Miami Beach
In the Miami Beach area, 45 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 12) and received an average PPP loan of $392,450 (compared to this company's $79,082).
Similar Nearby Businesses Who Received PPP Funding:
3720 Croydon LLC
Miami Beach, FL
Seaside Apartment Hotel LLC
Miami Beach, FL
3010 Collins, LLC
Miami Beach, FL
42Nd Lejeune Holdings LLC
Miami, FL
Sherry Frontenac Resort Inc.
Miami Beach, FL
Miami Airport Lodging
Miami, FL
2601 Mia, LLC
Miami, FL
Resort Scapes Inc
Miami, FL
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 75% higher than Mimosa Property Management LLC's reported 12 employees, and received an average PPP loan of $161,149, 104% higher than this company's loan of $79,082.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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