PPP Loan Data — Santa Fe Animal Hospital Inc, Lakeland, FL
Santa Fe Animal Hospital Inc is a subchapter s corporation located at 3107 Us 92 E in Lakeland, Florida that received a Coronavirus-related PPP loan from the SBA of $46,821.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Santa Fe Animal Hospital Inc in Lakeland, FL received a Paycheck Protection Loan of $46,821 through USF FCU, 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, Santa Fe Animal Hospital Inc's 2019 payroll expenses are estimated to be at least $224,741.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,728 per employee1
Reported PPP Proceed Usage:
On the PPP application, Santa Fe Animal Hospital Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,821
Business Information - Santa Fe Animal Hospital Inc in Lakeland, FL
3107 Us 92 E
Lakeland, FL 33801
All Other Animal Production
NAICS code 112990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lakeland
In the Lakeland area, 4 businesses in the "All Other Animal Production" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 12) and received an average PPP loan of $20,045 (compared to this company's $46,821).
Similar Nearby Businesses Who Received PPP Funding:
Tomkow Brothers Inc
Industry PPP Comparison Statistics
Nationwide, 10,196 businesses in the "All Other Animal Production" industry received a total of $237.6M 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 3 employees, 75% lower than Santa Fe Animal Hospital Inc's reported 12 employees, and received an average PPP loan of $23,303, 50% lower than this company's loan of $46,821.
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Footnotes & Information
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