PPP Loan Data — NP, Inc, Boca Raton, FL
NP, Inc is a subchapter s corporation located at 4900 N. Federal Hwy Suite 200, Building E in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $3,518,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Federal Bank
NP, Inc in Boca Raton, FL received a Paycheck Protection Loan of $3.52M through First Federal Bank, which was approved in April, 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 August, 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, NP, Inc's 2019 payroll expenses are estimated to be at least $16.89M.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $67,561 per employee1
Reported PPP Proceed Usage:
On the PPP application, NP, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,518,800
Business Information - NP, Inc in Boca Raton, FL
4900 N. Federal Hwy Suite 200, Building E
Boca Raton, FL 33431
Other Activities Related to Credit Intermediation
NAICS code 522390
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boca Raton
In the Boca Raton area, 3 businesses in the "Other Activities Related to Credit Intermediation" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 250) and received an average PPP loan of $1,238,466 (compared to this company's $3.52M).
Similar Nearby Businesses Who Received PPP Funding:
Prime Equity Financial Corp
Boca Raton, FL
Amany Services, Inc
Boca Raton, FL
Industry PPP Comparison Statistics
Nationwide, 2,832 businesses in the "Other Activities Related to Credit Intermediation" industry received a total of $226.21M 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, 97% lower than NP, Inc's reported 250 employees, and received an average PPP loan of $79,878, 98% lower than this company's loan of $3.52M.
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Footnotes & Information
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