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PPP Loan Data — Provest Topco LLC,
Tampa, FL
Provest Topco LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Legal Services
Location: Tampa, FL
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Provest Topco LLC is a limited liability company (LLC) located at 4520 Seedling Cir in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #5835718504
Loan Size:
Jobs Retained:
213Loan Approved:
2021-03-02Loan Status:
Ongoing LoanLender:
CIBC Bank USAProvest Topco LLC in Tampa, FL received a Paycheck Protection Loan of $2M through CIBC Bank USA, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Provest Topco LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $45,070 per employee1
Reported PPP Proceed Usage:
On the PPP application, Provest Topco LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,999
Business Information - Provest Topco LLC in Tampa, FL
4520 Seedling Cir
Tampa, FL 33614
Business Industry:
All Other Legal Services
NAICS code 541199
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 13 businesses in the "All Other Legal Services" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 213) and received an average PPP loan of $486,711 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Joanny Nin Mojica
Tampa, FL
Allison Mcinnis-Gale
Tampa, FL
Rodolfo Ramos
Tampa, FL
Puerta De Esperanza LLC
Tampa, FL
Rebekah Torres
Tampa, FL
Ewusiak Law, PA
Tampa, FL
Monica Moreno Alzate
Tampa, FL
Yunny Garcia
Tampa, FL
Industry PPP Comparison Statistics
Nationwide, 17,592 businesses in the "All Other Legal Services" industry received a total of $856.01M 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 4 employees, 98% lower than Provest Topco LLC's reported 213 employees, and received an average PPP loan of $48,659, 98% lower than this company's loan of $2M.
Provest Topco, LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Legal Services
Location: Tampa, FL
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•
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Provest Topco, LLC is a limited liability company (LLC) located at 4520 Seedling Circle in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $4,255,100.00 in April, 2020.
$
PPP Loan Information
Loan #8274077008
Loan Size:
Jobs Retained:
422Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
CIBC Bank USAProvest Topco, LLC in Tampa, FL received a Paycheck Protection Loan of $4.26M through CIBC Bank USA, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Provest Topco, LLC's 2019 payroll expenses are estimated to be at least $20.42M.
Based on their reported 422 jobs retained, this equals an estimated average yearly compensation of $48,399 per employee1
Reported PPP Proceed Usage:
On the PPP application, Provest Topco, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,255,100
Business Information - Provest Topco, LLC in Tampa, FL
4520 Seedling Circle
Tampa, FL 33614
Business Industry:
All Other Legal Services
NAICS code 541199
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 13 businesses in the "All Other Legal Services" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 422) and received an average PPP loan of $486,711 (compared to this company's $4.26M).
Similar Nearby Businesses Who Received PPP Funding:
Joanny Nin Mojica
Tampa, FL
Allison Mcinnis-Gale
Tampa, FL
Rodolfo Ramos
Tampa, FL
Puerta De Esperanza LLC
Tampa, FL
Rebekah Torres
Tampa, FL
Ewusiak Law, PA
Tampa, FL
Monica Moreno Alzate
Tampa, FL
Yunny Garcia
Tampa, FL
Industry PPP Comparison Statistics
Nationwide, 17,592 businesses in the "All Other Legal Services" industry received a total of $856.01M 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 4 employees, 99% lower than Provest Topco, LLC's reported 422 employees, and received an average PPP loan of $48,659, 99% lower than this company's loan of $4.26M.
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.
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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