PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated June 30, 2023)

PPP Loan Data — Provest Topco LLC, Tampa, FL

ALERT: There are 2 PPP loans for a total of $6.26M in our database for businesses with the name "Provest Topco LLC" in Tampa, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Provest Topco LLC
FL

Provest Topco LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Legal Services

Location: Tampa, FL

Search All PPP Data

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:

$2M

Jobs Retained:

213

Loan Approved:

2021-03-02

Loan Status:

Paid in Full or Forgiven

Lender:

CIBC Bank USA

Provest Topco LLC in Tampa, FL received a Paycheck Protection Loan of $2M through CIBC Bank USA, which was approved in March, 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 January, 2022.

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 More
Understanding 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 More

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, 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
Because the loan received by Provest Topco LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Provest Topco LLC in Tampa, FL

Provest Topco LLC
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

Hillsborough County, FL — SBA Office 0455 — Congressional District: FL-14

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).

Industry PPP Comparison Statistics

Nationwide, 17,589 businesses in the "All Other Legal Services" industry received a total of $855.95M 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 $48,664, 98% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Provest Topco, LLC
FL

Provest Topco, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Legal Services

Location: Tampa, FL

Search All PPP Data

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:

$4.26M

Jobs Retained:

422

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

CIBC Bank USA

Provest 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 More
Understanding 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 More

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, 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
Because the loan received by Provest Topco, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Provest Topco, LLC in Tampa, FL

Provest Topco, LLC
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

Hillsborough County, FL — SBA Office 0455 — Congressional District: FL-14

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).

Industry PPP Comparison Statistics

Nationwide, 17,589 businesses in the "All Other Legal Services" industry received a total of $855.95M 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 $48,664, 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.

Search FederalPay's Full PPP Loan Database

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/provest-topco-llc-tampa-fl