PPP Loan Data — Rarehues Inc, Tampa, FL
Rarehues Inc is a corporation located at 10005 N Dale Mabry Hwy in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Valley National Bank
Rarehues Inc in Tampa, FL received a Paycheck Protection Loan of $25,000 through Valley National Bank, which was approved in January, 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, Rarehues Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rarehues Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,995
- Utilities: $1
Business Information - Rarehues Inc in Tampa, FL
10005 N Dale Mabry Hwy
Tampa, FL 33618
NAICS code 452210
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 2 businesses in the "Department Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $23,062 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 1,344 businesses in the "Department Stores" industry received a total of $70.33M 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, 125% higher than Rarehues Inc's reported 4 employees, and received an average PPP loan of $52,327, 109% higher than this company's loan of $25,000.
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