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PPP Loan Data — Recovery Unplugged Holdings, LLC, Fort Lauderdale, FL

SBA PPP loan data, payroll data, and salaries for Recovery Unplugged Holdings, LLC
FL

Recovery Unplugged Holdings, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Other Holding Companies

Location: Fort Lauderdale, FL

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Recovery Unplugged Holdings, LLC is a limited liability company (LLC) located at 915 Middle River Drive in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $3,657,100.00 in April, 2020.

The company has reported itself as a White owned business, and employed at least 344 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.66M

Jobs Retained:

344

Loan Approved:

2020-04-09

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Recovery Unplugged Holdings, LLC received a Paycheck Protection Loan of $3.66M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Recovery Unplugged Holdings, LLC's total 2019 payroll expenses were approximately $17.55M in order to qualify for the PPP loan amount received.

Based on their reported 344 jobs retained, this equals an estimated average yearly compensation of $51,029 per employee1.

Because the loan received by Recovery Unplugged Holdings, 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 - Recovery Unplugged Holdings, LLC in Fort Lauderdale, FL

Recovery Unplugged Holdings, LLC
915 Middle River Drive
Fort Lauderdale, FL 33304

Business Industry

Offices of Other Holding Companies (NAICS code 551112)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-22

Similar Companies near Fort Lauderdale

In the Fort Lauderdale area, 6 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 344) and received an average PPP loan of $634,936 (compared to this company's $3.66M).

Industry PPP Comparison Statistics

Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 96% lower than Recovery Unplugged Holdings, LLC's reported 344 employees, and received an average PPP loan of $160,790, 96% lower than this company's loan of $3.66M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/recovery-unplugged-holdings-llc-fort-lauderdale-fl