PPP Loan Data — Native Wholesale Inc, Delray Beach, FL
Native Wholesale Inc
Location: Delray Beach, FLTweet This • Search All PPP Data
Native Wholesale Inc is a corporation located at 245 Dixie Blvd in Delray Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $2,266,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City National Bank of Florida
Native Wholesale Inc in Delray Beach, FL received a Paycheck Protection Loan of $2.27M through City National Bank of Florida, which was approved in April, 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, Native Wholesale Inc's 2019 payroll expenses are estimated to be at least $10.88M.
Based on their reported 497 jobs retained, this equals an estimated average yearly compensation of $21,890 per employee1
Reported PPP Proceed Usage:
On the PPP application, Native Wholesale Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,699,875
- Utilities: $566,625
Business Information - Native Wholesale Inc in Delray Beach, FL
245 Dixie Blvd
Delray Beach, FL 33444
Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
NAICS code 424930
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Delray Beach
In the Delray Beach area, 2 businesses in the "Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 254 employees (compared to this company's 497) and received an average PPP loan of $1,206,650 (compared to this company's $2.27M).
Similar Nearby Businesses Who Received PPP Funding:
Tropical Plants Distribution, LLC
Delray Beach, FL
Industry PPP Comparison Statistics
Nationwide, 4,321 businesses in the "Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers" industry received a total of $394.49M 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 12 employees, 98% lower than Native Wholesale Inc's reported 497 employees, and received an average PPP loan of $91,297, 96% lower than this company's loan of $2.27M.
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Footnotes & Information
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