PPP Loan Data — RAF Solutions USA, Inc, Sunrise, FL
RAF Solutions USA, Inc
Location: Sunrise, FLTweet This • Search All PPP Data
RAF Solutions USA, Inc is a corporation located at 10124 Nw 53rd Street in Sunrise, Florida that received a Coronavirus-related PPP loan from the SBA of $24,854.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
RAF Solutions USA, Inc in Sunrise, FL received a Paycheck Protection Loan of $24,854 through Wells Fargo Bank, National Association, which was approved in May, 2020.
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, RAF Solutions USA, Inc's 2019 payroll expenses are estimated to be at least $119,299.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,766 per employee1
Reported PPP Proceed Usage:
On the PPP application, RAF Solutions USA, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,854
Business Information - RAF Solutions USA, Inc in Sunrise, FL
10124 Nw 53rd Street
Sunrise, FL 33351
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
NAICS code 423450
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sunrise
In the Sunrise area, 6 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 3) and received an average PPP loan of $87,822 (compared to this company's $24,854).
Similar Nearby Businesses Who Received PPP Funding:
Johali Medical, Inc
Ovation Surgical LLC
Fiegert- Endotech Incoporated
Apexx Medical Equipment LLC
Sunrise Family Smiles PA
Industry PPP Comparison Statistics
Nationwide, 14,443 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1.42B 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 9 employees, 200% higher than RAF Solutions USA, Inc's reported 3 employees, and received an average PPP loan of $98,382, 296% higher than this company's loan of $24,854.
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