PPP Loan Data — Mission Capital Advisors LLC, Jupiter, FL
Mission Capital Advisors LLC is a limited liability company (LLC) located at 4741 Military Trl Ste 202 in Jupiter, Florida that received a Coronavirus-related PPP loan from the SBA of $1,585,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Mission Capital Advisors LLC in Jupiter, FL received a Paycheck Protection Loan of $1.59M through PNC Bank, National Association, 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 November, 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, Mission Capital Advisors LLC's 2019 payroll expenses are estimated to be at least $7.61M.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $37,487 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mission Capital Advisors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,585,400
Business Information - Mission Capital Advisors LLC in Jupiter, FL
4741 Military Trl Ste 202
Jupiter, FL 33458
NAICS code 523930
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jupiter
In the Jupiter area, 17 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 203) and received an average PPP loan of $157,239 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Ethan Mark Freishtat
Northstar Insurance And Financial Group
Mark A Schulker
Chan Financial Group LLC
M Group Advisors LLC
Slatestone Wealth, LLC
GA Advisors LLC
Industry PPP Comparison Statistics
Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B 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 4 employees, 98% lower than Mission Capital Advisors LLC's reported 203 employees, and received an average PPP loan of $44,994, 97% lower than this company's loan of $1.59M.
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Footnotes & Information
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