PPP Loan Data — Motive Cinemas, Miami, FL
Motive Cinemas is a limited liability company (LLC) located at 13301 Sw 132nd Ave 104 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $25,222.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Motive Cinemas in Miami, FL received a Paycheck Protection Loan of $25,222 through WebBank, which was approved in June, 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 January, 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, Motive Cinemas' 2019 payroll expenses are estimated to be at least $121,066.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,533 per employee1
Reported PPP Proceed Usage:
On the PPP application, Motive Cinemas reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,222
Business Information - Motive Cinemas in Miami, FL
13301 Sw 132nd Ave 104
Miami, FL 33186
Motion Picture Theaters (except Drive-Ins)
NAICS code 512131
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,988 businesses in the "Motion Picture Theaters (except Drive-Ins)" industry received a total of $203.31M 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 25 employees, 1150% higher than Motive Cinemas' reported 2 employees, and received an average PPP loan of $102,271, 305% higher than this company's loan of $25,222.
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Footnotes & Information
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