PPP Loan Data — Next Level Builders LLC, Saint Cloud, FL
Next Level Builders LLC
Entity: Limited Liability Partnership
Location: Saint Cloud, FLTweet This • Search All PPP Data
Next Level Builders LLC is a limited liability partnership located at 4775 Pine Tree Drive N/a in Saint Cloud, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
Next Level Builders LLC in Saint Cloud, FL received a Paycheck Protection Loan of $25,000 through South State Bank, National Association, which was approved in May, 2020.
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, Next Level Builders LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Next Level Builders LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Next Level Builders LLC in Saint Cloud, FL
4775 Pine Tree Drive N/a
Saint Cloud, FL 34772
New Multifamily Housing Construction (except For-Sale Builders)
NAICS code 236116
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Saint Cloud
In the Saint Cloud area, 3 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 6) and received an average PPP loan of $12,700 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Saint Cloud, FL
LMA Multiservices LLC
Saint Cloud, FL
Industry PPP Comparison Statistics
Nationwide, 13,259 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a total of $1.11B 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 8 employees, 33% higher than Next Level Builders LLC's reported 6 employees, and received an average PPP loan of $83,412, 234% higher than this company's loan of $25,000.
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Footnotes & Information
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