PPP Loan Data — Pharmakare LLC, Middleburg, FL
Location: Middleburg, FLTweet This • Search All PPP Data
Pharmakare LLC is a corporation located at 1545 Branan Field Rd Ste 9 in Middleburg, Florida that received a Coronavirus-related PPP loan from the SBA of $25,242.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Pharmakare LLC in Middleburg, FL received a Paycheck Protection Loan of $25,242 through Bank of America, 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, Pharmakare LLC's 2019 payroll expenses are estimated to be at least $121,162.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,581 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pharmakare LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,242
Business Information - Pharmakare LLC in Middleburg, FL
1545 Branan Field Rd Ste 9
Middleburg, FL 32068
Drugs and Druggists' Sundries Merchant Wholesalers
NAICS code 424210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,557 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a total of $499.68M 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 13 employees, 550% higher than Pharmakare LLC's reported 2 employees, and received an average PPP loan of $140,477, 457% higher than this company's loan of $25,242.
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Footnotes & Information
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