PPP Loan Data — Relief Without Borders LLC, Coral Gables, FL
Relief Without Borders LLC is a limited liability company (LLC) located at 1901 S Le Jeune Rd Ste 3 in Coral Gables, Florida that received a Coronavirus-related PPP loan from the SBA of $1,992,966.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Relief Without Borders LLC in Coral Gables, FL received a Paycheck Protection Loan of $1.99M through Cross River Bank, 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, Relief Without Borders LLC's 2019 payroll expenses are estimated to be at least $9.57M.
Based on their reported 101 jobs retained, this equals an estimated average yearly compensation of $94,715 per employee1
Reported PPP Proceed Usage:
On the PPP application, Relief Without Borders LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,992,966
Business Information - Relief Without Borders LLC in Coral Gables, FL
1901 S Le Jeune Rd Ste 3
Coral Gables, FL 33134
Fabricated Structural Metal Manufacturing
NAICS code 332312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,157 businesses in the "Fabricated Structural Metal Manufacturing" industry received a total of $1.41B 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 24 employees, 76% lower than Relief Without Borders LLC's reported 101 employees, and received an average PPP loan of $273,385, 86% lower than this company's loan of $1.99M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!