PPP Loan Data — Shell Island Fish Camp & Marina Inc, Saint Marks, FL
Shell Island Fish Camp & Marina Inc is a corporation located at 440 Shell Island Rd in Saint Marks, Florida that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Prime Meridian Bank
Shell Island Fish Camp & Marina Inc in Saint Marks, FL received a Paycheck Protection Loan of $46,300 through Prime Meridian Bank, 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 December, 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, Shell Island Fish Camp & Marina Inc's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,224 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shell Island Fish Camp & Marina Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,300
Business Information - Shell Island Fish Camp & Marina Inc in Saint Marks, FL
440 Shell Island Rd
Saint Marks, FL 32355
NAICS code 713930
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Saint Marks
In the Saint Marks area, 2 businesses in the "Marinas" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 10) and received an average PPP loan of $116,242 (compared to this company's $46,300).
Similar Nearby Businesses Who Received PPP Funding:
Shields Marina, Inc
St Marks, FL
Industry PPP Comparison Statistics
Nationwide, 2,908 businesses in the "Marinas" industry received a total of $223.4M 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 11 employees, 10% higher than Shell Island Fish Camp & Marina Inc's reported 10 employees, and received an average PPP loan of $76,822, 66% higher than this company's loan of $46,300.
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Footnotes & Information
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