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PPP Loan Data — Scandinavian Bc Inc,
Miami, FL
Scandinavian Bc Inc
Entity: Corporation
Industry: Caterers
Location: Miami, FL
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Scandinavian Bc Inc is a corporation located at 6850 Coral Way Ste 205 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $35,222.00 in February, 2021.
$ PPP Loan Information Loan #3334108501
Loan Size:
Jobs Retained:
4Loan Approved:
2021-02-23Loan Status:
Active Un-DisbursedLender:
Square Capital, LLCScandinavian Bc Inc in Miami, FL received a Paycheck Protection Loan of $35,222 through Square Capital, 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 $35,222 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, Scandinavian Bc Inc's 2019 payroll expenses are estimated to be at least $169,066.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $42,267 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scandinavian Bc Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,222
Business Information - Scandinavian Bc Inc in Miami, FL
6850 Coral Way Ste 205
Miami, FL 33155
Business Industry:
Caterers
NAICS code 722320
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 Miami
In the Miami area, 23 businesses in the "Caterers" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 4) and received an average PPP loan of $114,130 (compared to this company's $35,222).
Similar Nearby Businesses Who Received PPP Funding:
A R C Nick S Deli Inc
Bay Harbor Islands, FL
A Joy Wallace Catering Production Inc
Miami, FL
Mena Catering Inc
Miami, FL
Mena Catering Inc
Miami, FL
Pure Simple Cooking, LLC
Bay Harbor Islands, FL
Chef Cat's LLC
Bal Harbour, FL
WAN Enterprises LLC
Miami, FL
Concession Service Systems Inc
Miami, FL
Industry PPP Comparison Statistics
Nationwide, 31,632 businesses in the "Caterers" industry received a total of $1,866,290,072.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 125% higher than Scandinavian Bc Inc's reported 4 employees, and received an average PPP loan of $59,000, 68% higher than this company's loan of $35,222.
Scandinavian Bc Inc
Entity: Corporation
Industry: Unclassified Establishments
Location: Miami, FL
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Scandinavian Bc Inc is a corporation located at 6850 Coral Way Suite 205 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $25,159.00 in May, 2020.
$ PPP Loan Information Loan #3578697710
Loan Size:
Jobs Retained:
4Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
Square Capital, LLCScandinavian Bc Inc in Miami, FL received a Paycheck Protection Loan of $25,159 through Square Capital, LLC, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Scandinavian Bc Inc's 2019 payroll expenses are estimated to be at least $120,763.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,191 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scandinavian Bc Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,869
- Utilities: $3,145
- Mortgage Interest: $3,145
Business Information - Scandinavian Bc Inc in Miami, FL
6850 Coral Way Suite 205
Miami, FL 33155
Business Industry:
Unclassified Establishments
NAICS code 999990
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 Miami
In the Miami area, 132 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 4) and received an average PPP loan of $47,861 (compared to this company's $25,159).
Similar Nearby Businesses Who Received PPP Funding:
Shirley Sastre Souto
Coral Gables, FL
FIB Enterprise Corp
Miami, FL
Masali LLC
Pinecrest, FL
Law Office Of Sara J. Saba, PA
Bal Harbour, FL
The Reason Why LLC
Miami, FL
CP Boca Raton LLC
Miami, FL
MCW Sales Corp
Miami, FL
Momentum & Company Inc
Miami, FL
Rubiolaw PLLC
Miami, FL
Industry PPP Comparison Statistics
Nationwide, 91,521 businesses in the "Unclassified Establishments" industry received a total of $3,772,286,108.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 125% higher than Scandinavian Bc Inc's reported 4 employees, and received an average PPP loan of $41,218, 64% higher than this company's loan of $25,159.
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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