PPP Loan Data — Silver Estates Assisted Living LLC, Kissimmee, FL
Silver Estates Assisted Living LLC is a limited liability company (LLC) located at 3713 Dockside Dr in Kissimmee, Florida that received a Coronavirus-related PPP loan from the SBA of $25,125.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Silver Estates Assisted Living LLC in Kissimmee, FL received a Paycheck Protection Loan of $25,125 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, Silver Estates Assisted Living LLC's 2019 payroll expenses are estimated to be at least $120,600.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,150 per employee1
Reported PPP Proceed Usage:
On the PPP application, Silver Estates Assisted Living LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,125
Business Information - Silver Estates Assisted Living LLC in Kissimmee, FL
3713 Dockside Dr
Kissimmee, FL 34746
Other Residential Care Facilities
NAICS code 623990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kissimmee
In the Kissimmee area, 2 businesses in the "Other Residential Care Facilities" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $21,880 (compared to this company's $25,125).
Similar Nearby Businesses Who Received PPP Funding:
Merlox Haven LLC
Industry PPP Comparison Statistics
Nationwide, 4,850 businesses in the "Other Residential Care Facilities" industry received a total of $891.17M 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 26 employees, 550% higher than Silver Estates Assisted Living LLC's reported 4 employees, and received an average PPP loan of $183,746, 631% higher than this company's loan of $25,125.
FederalPay's PPP Information Policy
Footnotes & Information
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