PPP Loan Data — Rise League, Orlando, FL
Rise League is a sole proprietorship located at 1617 Capesterre Drive in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Rise League in Orlando, FL received a Paycheck Protection Loan of $25,000 through Truist Bank d/b/a Branch Banking & Trust Co, 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 March, 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, Rise League's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rise League reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Rise League in Orlando, FL
1617 Capesterre Drive
Orlando, FL 32824
Sports and Recreation Instruction
NAICS code 611620
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 10 businesses in the "Sports and Recreation Instruction" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $16,916 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Gold Striker LLC
Stone Crabs Swim Team
Sportsparadize Education And Sports Academy
Ismael Aponte Serpa
Sportsparadize Soccer Academy
Matt Rini's Waterski & Wakeboard School LLC
Industry PPP Comparison Statistics
Nationwide, 26,103 businesses in the "Sports and Recreation Instruction" industry received a total of $882.67M 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 8 employees, 300% higher than Rise League's reported 2 employees, and received an average PPP loan of $33,815, 35% higher than this company's loan of $25,000.
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Footnotes & Information
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