PPP Loan Data — Senior Pptions, Inc, Parkland, FL
Senior Pptions, Inc
Location: Parkland, FLTweet This • Search All PPP Data
Senior Pptions, Inc is a corporation located at 10637 Nw 69th Street in Parkland, Florida that received a Coronavirus-related PPP loan from the SBA of $25,167.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Senior Pptions, Inc in Parkland, FL received a Paycheck Protection Loan of $25,167 through JPMorgan Chase Bank, National Association, which was approved in May, 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 Pptions, Inc's 2019 payroll expenses are estimated to be at least $120,802.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,201 per employee1
Reported PPP Proceed Usage:
On the PPP application, Senior Pptions, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,167
- Utilities: $1,000
- Rent: $3,000
Business Information - Senior Pptions, Inc in Parkland, FL
10637 Nw 69th Street
Parkland, FL 33076
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 575% higher than Senior Pptions, Inc's reported 4 employees, and received an average PPP loan of $160,784, 539% higher than this company's loan of $25,167.
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Footnotes & Information
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