PPP Loan Data — Mister Key Corporation, Miami, FL
Mister Key Corporation is a corporation located at 2194 Nw 18 Avenue, in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mister Key Corporation in Miami, FL received a Paycheck Protection Loan of $45,800 through Regions 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 February, 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, Mister Key Corporation's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,406 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mister Key Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Mister Key Corporation in Miami, FL
2194 Nw 18 Avenue,
Miami, FL 33142
Other Construction Material Merchant Wholesalers
NAICS code 423390
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 13 businesses in the "Other Construction Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 7) and received an average PPP loan of $21,550 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
MVA Services Corporation
North Bay Village, FL
Out Of The Woods, Inc
Modern Decor LLC
Samuel Bueno Guerrero LLC
Export Depot LLC
New Century International
Sismily Perez Palenzuela
America's Impact Products LLC
Yesika L Rijo
Industry PPP Comparison Statistics
Nationwide, 5,530 businesses in the "Other Construction Material Merchant Wholesalers" industry received a total of $490.69M 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 8 employees, 14% higher than Mister Key Corporation's reported 7 employees, and received an average PPP loan of $88,732, 94% higher than this company's loan of $45,800.
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Footnotes & Information
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