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PPP Loan Data — Relaxpro, LLC,
North Miami Beach, FL
Relaxpro, LLC
Entity: Limited Liability Company (LLC)
Industry: Residential Property Managers
Location: North Miami Beach, FL
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Relaxpro, LLC is a limited liability company (LLC) located at 19520 Ne 19th Ct in North Miami Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $160,055.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least 31 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1641748604
Loan Size:
Jobs Retained:
31Loan Approved:
2021-03-13Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationRelaxpro, LLC in North Miami Beach, FL received a Paycheck Protection Loan of $160,055 through JPMorgan Chase Bank, National Association, 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, Relaxpro, LLC's 2019 payroll expenses are estimated to be at least $768,264.
Based on their reported 31 jobs retained, this equals an estimated average yearly compensation of $24,783 per employee1
Reported PPP Proceed Usage:
On the PPP application, Relaxpro, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $160,053
- Utilities: $1
Business Information - Relaxpro, LLC in North Miami Beach, FL
19520 Ne 19th Ct
North Miami Beach, FL 33179
Business Industry:
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near North Miami Beach
In the North Miami Beach area, 42 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 31) and received an average PPP loan of $30,358 (compared to this company's $160,055).
Similar Nearby Businesses Who Received PPP Funding:
Spence Family Properties LLC
Doral, FL
Rubio & Barcia Investments
Doral, FL
MS&E Spanish Moss 113 LLC
Miami, FL
Northlake Village At The California Club Condominium Associa
Miami, FL
Core Student Housing LLC
Miami, FL
M&S Global Service Corp
North Miami, FL
Manuel Flores
Doral, FL
Boardwalk Holding Group LLC
Miami, FL
Blue Coast Property Management LLC
Miami, FL
Industry PPP Comparison Statistics
Nationwide, 35,979 businesses in the "Residential Property Managers" industry received a total of $3.03B 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, 71% lower than Relaxpro, LLC's reported 31 employees, and received an average PPP loan of $84,237, 47% lower than this company's loan of $160,055.
Relaxpro, LLC
Entity: Limited Liability Company (LLC)
Industry: Unknown
Location: North Miami Beach, FL
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Relaxpro, LLC is a limited liability company (LLC) located at 19520 Ne 19th Ct in North Miami Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $101,935.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least twelve people during the applicable loan loan period.
$
PPP Loan Information
Loan #1315137705
Loan Size:
Jobs Retained:
12Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationRelaxpro, LLC in North Miami Beach, FL received a Paycheck Protection Loan of $101,935 through JPMorgan Chase Bank, National Association, which was approved in May, 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 May, 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, Relaxpro, LLC's 2019 payroll expenses are estimated to be at least $489,288.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $40,774 per employee1
Reported PPP Proceed Usage:
On the PPP application, Relaxpro, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $78,000
- Utilities: $10,295
- Rent: $3,600
- Health Care: $10,040
Business Information - Relaxpro, LLC in North Miami Beach, FL
19520 Ne 19th Ct
North Miami Beach, FL 33179
Business Industry:
Unknown
NAICS code 0
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near North Miami Beach
In the North Miami Beach area, 12,522 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 12) and received an average PPP loan of $36,650 (compared to this company's $101,935).
Similar Nearby Businesses Who Received PPP Funding:
CIC Funding-Sba Small 7A Term
Doral, FL
Aptimia LLC
Miami, FL
LSM CPA Firm, PA
Miami, FL
Maria Jose Ucros DDS PA
Doral, FL
Anat Ben Nissan, PA
Miami, FL
Glam Jewelry, LLC
Miami, FL
South Florida Sales Experts LLC
Doral, FL
Brickhouse Inspections Inc
Miami, FL
Florida Institute Of Acupuncture And Int
Doral, FL
Industry PPP Comparison Statistics
Nationwide, 132,342 businesses in the "Unknown" industry received a total of $5.86B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 8% higher than Relaxpro, LLC's reported 12 employees, and received an average PPP loan of $44,250, 57% lower than this company's loan of $101,935.
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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