PPP Loan Data — Riverside Express Seafood Market LLC, Tampa, FL
Riverside Express Seafood Market LLC is a limited liability company (LLC) located at 10701 North Woodmere Rd in Tampa, 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:JPMorgan Chase Bank, National Association
Riverside Express Seafood Market LLC in Tampa, FL received a Paycheck Protection Loan of $25,000 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
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, Riverside Express Seafood Market LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Riverside Express Seafood Market LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,000
- Utilities: $2,500
- Rent: $3,500
Business Information - Riverside Express Seafood Market LLC in Tampa, FL
10701 North Woodmere Rd
Tampa, FL 33617
Fish and Seafood Markets
NAICS code 445220
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,857 businesses in the "Fish and Seafood Markets" industry received a total of $111.34M 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, 80% higher than Riverside Express Seafood Market LLC's reported 5 employees, and received an average PPP loan of $59,958, 140% higher than this company's loan of $25,000.
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Footnotes & Information
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