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PPP Loan Data — Social One Consulting Services LLC,
North Lauderdale, FL
Social One Consulting Services LLC
Entity: Limited Liability Company (LLC)
Industry: Administrative Management and General Management Consulting Services
Location: North Lauderdale, FL
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Social One Consulting Services LLC is a limited liability company (LLC) located at 7640 Sw 10th St in North Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $87,125.00 in April, 2021.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
$
PPP Loan Information
Loan #4000528808
Loan Size:
Jobs Retained:
5Loan Approved:
2021-04-15Loan Status:
Paid in Full or ForgivenLender:
Itria Ventures LLCSocial One Consulting Services LLC in North Lauderdale, FL received a Paycheck Protection Loan of $87,125 through Itria Ventures LLC, which was approved in April, 2021.
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 March, 2022.
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, Social One Consulting Services LLC's 2019 payroll expenses are estimated to be at least $418,200.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $83,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Social One Consulting Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $87,123
- Utilities: $1
Business Information - Social One Consulting Services LLC in North Lauderdale, FL
7640 Sw 10th St
North Lauderdale, FL 33068
Business Industry:
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near North Lauderdale
In the North Lauderdale area, 47 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 5) and received an average PPP loan of $130,237 (compared to this company's $87,125).
Similar Nearby Businesses Who Received PPP Funding:
Next! Hospitality Advisors, Inc
Parkland, FL
BNT Enterprises LLC
North Lauderdale, FL
Cassandra Sarmiento
Pompano Beach, FL
Jaccin Jean Baptiste
Coral Springs, FL
Pierre Enterprises Of S. Florida LLC
Pompano Beach, FL
Kristin Yockus
Coral Springs, FL
Destany Cherenfant
North Lauderdale, FL
Medically Necessary Inc
Pompano Beach, FL
Industry PPP Comparison Statistics
Nationwide, 92,497 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.46B 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 5 employees, the same amount reported by Social One Consulting Services LLC and received an average PPP loan of $58,976, 32% lower than this company's loan of $87,125.
Social One Consulting Services LLC
Entity: Limited Liability Company (LLC)
Industry: New Single-Family Housing Construction (except For-Sale Builders)
Location: North Lauderdale, FL
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•
Search All PPP Data
Social One Consulting Services LLC is a limited liability company (LLC) located at 7640 Southwest 10th Street in North Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $87,125.00 in June, 2020.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
$
PPP Loan Information
Loan #9473587800
Loan Size:
Jobs Retained:
5Loan Approved:
2020-06-08Loan Status:
Paid in Full or ForgivenLender:
Celtic Bank CorporationSocial One Consulting Services LLC in North Lauderdale, FL received a Paycheck Protection Loan of $87,125 through Celtic Bank Corporation, which was approved in June, 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 August, 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, Social One Consulting Services LLC's 2019 payroll expenses are estimated to be at least $418,200.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $83,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Social One Consulting Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $87,125
Business Information - Social One Consulting Services LLC in North Lauderdale, FL
7640 Southwest 10th Street
North Lauderdale, FL 33068
Business Industry:
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near North Lauderdale
In the North Lauderdale area, 136 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $51,969 (compared to this company's $87,125).
Similar Nearby Businesses Who Received PPP Funding:
James Philyse
Margate, FL
Aurora La O Pena
Coral Springs, FL
Greentree Air Conditioning, Inc
Pompano, FL
Daniel George
Coral Springs, FL
Alfredo Blue
Pompano Beach, FL
Brian Scott
North Lauderdale, FL
Luis Alfonso Pardo
North Lauderdale, FL
Robert John Construction Company
Parkland, FL
Andrew Stephens
Pompano Beach, FL
Industry PPP Comparison Statistics
Nationwide, 125,393 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.71B 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 5 employees, the same amount reported by Social One Consulting Services LLC and received an average PPP loan of $45,498, 48% lower than this company's loan of $87,125.
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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