PPP Loan Data — Muevete Cars, LLC, Doral, FL
Muevete Cars, LLC
Entity: Limited Liability Company (LLC)
Location: Doral, FLTweet This • Search All PPP Data
Muevete Cars, LLC is a limited liability company (LLC) located at 8150 Nw 53rd St Apt 324 in Doral, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Muevete Cars, LLC in Doral, FL received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in May, 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.
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, Muevete Cars, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Muevete Cars, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Muevete Cars, LLC in Doral, FL
8150 Nw 53rd St Apt 324
Doral, FL 33166
Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
NAICS code 532120
Business Owner Demographics
Ethnicity: Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Doral
In the Doral area, 24 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $15,987 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Miami Springs, FL
CP Transportation LLC
North Miami, FL
Industry PPP Comparison Statistics
Nationwide, 6,695 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $352.27M 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, 100% higher than Muevete Cars, LLC's reported 2 employees, and received an average PPP loan of $52,616, 110% higher than this company's loan of $25,000.
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