PPP Loan Data — Naples Audiology & Hearign Center, LLC, Naples, FL
Naples Audiology & Hearign Center, LLC is a limited liability company (LLC) located at 1250 Tamiami Trl N Ste 207 in Naples, Florida that received a Coronavirus-related PPP loan from the SBA of $25,445.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Naples Audiology & Hearign Center, LLC in Naples, FL received a Paycheck Protection Loan of $25,445 through JPMorgan Chase Bank, National Association, which was approved in May, 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 April, 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, Naples Audiology & Hearign Center, LLC's 2019 payroll expenses are estimated to be at least $122,136.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,068 per employee1
Reported PPP Proceed Usage:
On the PPP application, Naples Audiology & Hearign Center, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,075
- Utilities: $170
- Rent: $3,200
Business Information - Naples Audiology & Hearign Center, LLC in Naples, FL
1250 Tamiami Trl N Ste 207
Naples, FL 34102
All Other Health and Personal Care Stores
NAICS code 446199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Naples
In the Naples area, 3 businesses in the "All Other Health and Personal Care Stores" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $21,676 (compared to this company's $25,445).
Similar Nearby Businesses Who Received PPP Funding:
Jjjazi Wellness LLC
Christian Companies, LLC
Industry PPP Comparison Statistics
Nationwide, 14,381 businesses in the "All Other Health and Personal Care Stores" industry received a total of $593.14M 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 5 employees, 150% higher than Naples Audiology & Hearign Center, LLC's reported 2 employees, and received an average PPP loan of $41,245, 62% higher than this company's loan of $25,445.
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Footnotes & Information
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