PPP Loan Data — Phase 5 Clinical Research LLC, Fort Lauderdale, FL
Phase 5 Clinical Research LLC
Entity: Limited Liability Company (LLC)
Location: Fort Lauderdale, FLTweet This • Search All PPP Data
Phase 5 Clinical Research LLC is a limited liability company (LLC) located at 400 Nw 3rd Ave Suite 1108 in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $25,135.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Phase 5 Clinical Research LLC in Fort Lauderdale, FL received a Paycheck Protection Loan of $25,135 through U.S. Bank, National Association, which was approved in July, 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 June, 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, Phase 5 Clinical Research LLC's 2019 payroll expenses are estimated to be at least $120,648.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,216 per employee1
Reported PPP Proceed Usage:
On the PPP application, Phase 5 Clinical Research LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,135
Business Information - Phase 5 Clinical Research LLC in Fort Lauderdale, FL
400 Nw 3rd Ave Suite 1108
Fort Lauderdale, FL 33301
Research and Development in Biotechnology (except Nanobiotechnology)
NAICS code 541714
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 2 businesses in the "Research and Development in Biotechnology (except Nanobiotechnology)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $15,672 (compared to this company's $25,135).
Similar Nearby Businesses Who Received PPP Funding:
Fort Lauderdale, FL
Industry PPP Comparison Statistics
Nationwide, 3,364 businesses in the "Research and Development in Biotechnology (except Nanobiotechnology)" industry received a total of $568.09M 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, 300% higher than Phase 5 Clinical Research LLC's reported 3 employees, and received an average PPP loan of $168,873, 572% higher than this company's loan of $25,135.
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