PPP Loan Data — Senior Living Solutions Of Venice, Venice, FL
Senior Living Solutions Of Venice is a limited liability company (LLC) located at 333 Miami Ave W #5 in Venice, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Senior Living Solutions Of Venice in Venice, FL received a Paycheck Protection Loan of $25,000 through Wells Fargo Bank, National Association, which was approved in April, 2020.
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, Senior Living Solutions Of Venice's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Senior Living Solutions Of Venice reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Senior Living Solutions Of Venice in Venice, FL
333 Miami Ave W #5
Venice, FL 34285
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Venice
In the Venice area, 10 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 7) and received an average PPP loan of $27,832 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Purser Enterprises LLC
North Port, FL
Tomi Chase Enterprises Inc
North Port, FL
Leeb Productions Inc
Leytze And Associates LLC
Neurologic Consultants PA
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 43% lower than Senior Living Solutions Of Venice's reported 7 employees, and received an average PPP loan of $44,524, 78% higher than this company's loan of $25,000.
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Footnotes & Information
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