PPP Loan Data — P&C Home Services, Inc, Florida City, FL
P&C Home Services, Inc is a corporation located at 1441 Sw 6th Ct in Florida City, 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:JPMorgan Chase Bank, National Association
P&C Home Services, Inc in Florida City, FL received a Paycheck Protection Loan of $25,000 through JPMorgan Chase 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, P&C Home Services, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, P&C Home Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,400
- Utilities: $2,000
- Rent: $2,600
Business Information - P&C Home Services, Inc in Florida City, FL
1441 Sw 6th Ct
Florida City, FL 33034
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Florida City
In the Florida City area, 13 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 12) and received an average PPP loan of $11,114 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Original American Canvas Corp
Homestead Square LLC
MJ Sliding Glass Door Repair LLC
Anthonny Cedeno Bracho
Florida City, FL
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 42% lower than P&C Home Services, Inc's reported 12 employees, and received an average PPP loan of $45,205, 81% higher than this company's loan of $25,000.
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Footnotes & Information
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