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PPP Loan Data — Prestige Proserve, LLC, Bridgeport, CT

SBA PPP loan data, payroll data, and salaries for Prestige Proserve, LLC
CT

Prestige Proserve, LLC

Entity: Limited Liability Company (LLC)

Industry: Tax Preparation Services

Location: Bridgeport, CT

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Prestige Proserve, LLC is a limited liability company (LLC) located in Bridgeport, Connecticut that received a Coronavirus-related PPP loan from the SBA of $1,600.00 in April, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #3607988808

Loan Size:

$1,600

Jobs Retained:

1

Loan Approved:

2021-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

Wells Fargo Bank, National Association

Prestige Proserve, LLC in Bridgeport, CT received a Paycheck Protection Loan of $1,600 through Wells Fargo Bank, National Association, which was approved in April, 2021.

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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Prestige Proserve, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,597
  • Utilities: $1

Business Information - Prestige Proserve, LLC in Bridgeport, CT

Prestige Proserve, LLC
Bridgeport, CT
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Tax Preparation Services
NAICS code 541213

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Fairfield County, CT — SBA Office 0156 — Congressional District: CT-04

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Prestige Proserve, LLC.

Judes Joseph
Other Activities Related to Real Estate

$5,192 PPP Loan

Judes Joseph DBA Prestige Prolimo
Limousine Service

$7,907 PPP Loan

Similar Companies near Bridgeport

In the Bridgeport area, 9 businesses in the "Tax Preparation Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $13,639 (compared to this company's $1,600).

Industry PPP Comparison Statistics

Nationwide, 49,801 businesses in the "Tax Preparation Services" industry received a total of $1.08B 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 3 employees, 200% higher than Prestige Proserve, LLC's reported 1 employees, and received an average PPP loan of $21,741, 1259% higher than this company's loan of $1,600.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/prestige-proserve-llc-bridgeport-ct