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PPP Loan Data — Money Mace Records Studio, Delray Beach, FL

SBA PPP loan data, payroll data, and salaries for Money Mace Records Studio
FL

Money Mace Records Studio

Entity: Sole Proprietorship

Industry: Promoters of Performing Arts, Sports, and Similar Events with Facilities

Location: Delray Beach, FL

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Money Mace Records Studio is a sole proprietorship located in Delray Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $17,500.00 in August, 2020.

$ PPP Loan Information
Loan #5426618203

Loan Size:

$17,500

Jobs Retained:

1

Loan Approved:

2020-08-07

Loan Status:

Ongoing Loan

Lender:

MBE Capital Partners

Money Mace Records Studio in Delray Beach, FL received a Paycheck Protection Loan of $17,500 through MBE Capital Partners, which was approved in August, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Money Mace Records Studio reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $17,500

Business Information - Money Mace Records Studio in Delray Beach, FL

Money Mace Records Studio
Delray Beach, FL
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Palm Beach County, FL — SBA Office 0455 — Congressional District: FL-21

Similar Companies near Delray Beach

In the Delray Beach area, 4 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $36,172 (compared to this company's $17,500).

Industry PPP Comparison Statistics

Nationwide, 16,103 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a total of $795.12M 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 6 employees, 500% higher than Money Mace Records Studio's reported 1 employees, and received an average PPP loan of $49,377, 182% higher than this company's loan of $17,500.

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.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/money-mace-records-studio-delray-beach-fl