PPP Loan Data — Sandev Management Corporation, Orlando, FL
Sandev Management Corporation is a corporation located at 1318 East Jefferson St in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $47,000.00 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 Status:Paid in Full or Forgiven
Lender:South State Bank, National Association
Sandev Management Corporation in Orlando, FL received a Paycheck Protection Loan of $47,000 through South State Bank, National Association, 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 June, 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, Sandev Management Corporation's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sandev Management Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Sandev Management Corporation in Orlando, FL
1318 East Jefferson St
Orlando, FL 32801
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 5 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 3) and received an average PPP loan of $349,961 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Apartment Property Management Services, LLC
Sonata Health Care, LLC
JD Wine Concepts LLC
Bayview Corporate Housing LLC
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 167% higher than Sandev Management Corporation's reported 3 employees, and received an average PPP loan of $70,456, 50% higher than this company's loan of $47,000.
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Footnotes & Information
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