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PPP Loan Data — Resortpal Inc,
Boca Raton, FL
Resortpal Inc
Entity: Corporation
Industry: Computer Systems Design Services
Location: Boca Raton, FL
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Resortpal Inc is a corporation located at 499 E Palmetto Park Rd Ste 223 in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $15,100.00 in February, 2021.
$
PPP Loan Information
Loan #6269648408
Loan Size:
Jobs Retained:
3Loan Approved:
2021-02-10Loan Status:
Active Un-DisbursedLender:
CRF Small Business Loan Company, LLCResortpal Inc in Boca Raton, FL received a Paycheck Protection Loan of $15,100 through CRF Small Business Loan Company, LLC, which was approved in February, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $15,100 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 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, Resortpal Inc's 2019 payroll expenses are estimated to be at least $72,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $24,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Resortpal Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $15,097
- Utilities: $1
Business Information - Resortpal Inc in Boca Raton, FL
499 E Palmetto Park Rd Ste 223
Boca Raton, FL 33432
Business Industry:
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Boca Raton
In the Boca Raton area, 41 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 3) and received an average PPP loan of $247,053 (compared to this company's $15,100).
Similar Nearby Businesses Who Received PPP Funding:
Vetdev LLC
Boca Raton, FL
Bpmlinks LLC
Boca Raton, FL
Dimension Eleven LLC
Boca Raton, FL
Simplifyed, Inc
Boca Raton, FL
Tekbiz Solutions LLC
Boca Raton, FL
Jksn Corp
Boca Raton, FL
LPC Ventures Inc
Boca Raton, FL
Wikiteq, Inc
Boca Raton, FL
Anchor Direct Inc
Boca Raton, FL
Industry PPP Comparison Statistics
Nationwide, 27,837 businesses in the "Computer Systems Design Services" industry received a total of $4.23B 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 11 employees, 267% higher than Resortpal Inc's reported 3 employees, and received an average PPP loan of $151,788, 905% higher than this company's loan of $15,100.
Resortpal Inc
Entity: Corporation
Industry: Computer Systems Design Services
Location: Boca Raton, FL
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Resortpal Inc is a corporation located at 100 Se 5th Ave Apt 217 in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $13,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #4342627208
Loan Size:
Jobs Retained:
3Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
CRF Small Business Loan Company, LLCResortpal Inc in Boca Raton, FL received a Paycheck Protection Loan of $13,300 through CRF Small Business Loan Company, LLC, which was approved in April, 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 March, 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, Resortpal Inc's 2019 payroll expenses are estimated to be at least $63,840.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $21,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, Resortpal Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $13,300
Business Information - Resortpal Inc in Boca Raton, FL
100 Se 5th Ave Apt 217
Boca Raton, FL 33432
Business Industry:
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
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 Boca Raton
In the Boca Raton area, 41 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 3) and received an average PPP loan of $247,053 (compared to this company's $13,300).
Similar Nearby Businesses Who Received PPP Funding:
Vetdev LLC
Boca Raton, FL
Bpmlinks LLC
Boca Raton, FL
Dimension Eleven LLC
Boca Raton, FL
Simplifyed, Inc
Boca Raton, FL
Tekbiz Solutions LLC
Boca Raton, FL
Jksn Corp
Boca Raton, FL
LPC Ventures Inc
Boca Raton, FL
Wikiteq, Inc
Boca Raton, FL
Anchor Direct Inc
Boca Raton, FL
Industry PPP Comparison Statistics
Nationwide, 27,837 businesses in the "Computer Systems Design Services" industry received a total of $4.23B 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 11 employees, 267% higher than Resortpal Inc's reported 3 employees, and received an average PPP loan of $151,788, 1041% higher than this company's loan of $13,300.
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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