PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — South Florida Groceries Distributor, Medley, FL

ALERT: There are 2 PPP loans for a total of $47,775 in our database for businesses with the name "South Florida Groceries Distributor" in Medley, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for South Florida Groceries Distributor
FL

South Florida Groceries Distributor

Entity: Subchapter S Corporation

Industry: General Line Grocery Merchant Wholesalers

Location: Medley, FL

Search All PPP Data

South Florida Groceries Distributor is a subchapter s corporation located at 9999 Nw 89th Ave Unit 13 in Medley, Florida that received a Coronavirus-related PPP loan from the SBA of $25,375.00 in January, 2021.

The company has reported itself as an American indian or alaska native male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #5612668309

Loan Size:

$25,375

Jobs Retained:

4

Loan Approved:

2021-01-25

Loan Status:

Ongoing Loan

Lender:

Regions Bank

South Florida Groceries Distributor in Medley, FL received a Paycheck Protection Loan of $25,375 through Regions Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, South Florida Groceries Distributor's 2019 payroll expenses are estimated to be at least $121,800.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,450 per employee1

Reported PPP Proceed Usage:

On the PPP application, South Florida Groceries Distributor reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,374
  • Utilities: $1

Business Information - South Florida Groceries Distributor in Medley, FL

South Florida Groceries Distributor
9999 Nw 89th Ave Unit 13
Medley, FL 33178

Business Industry:
General Line Grocery Merchant Wholesalers
NAICS code 424410

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Miami-dade County, FL — SBA Office 0455 — Congressional District: FL-25

Similar Companies near Medley

In the Medley area, 30 businesses in the "General Line Grocery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $96,457 (compared to this company's $25,375).

Industry PPP Comparison Statistics

Nationwide, 6,428 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $753.1M 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 13 employees, 225% higher than South Florida Groceries Distributor's reported 4 employees, and received an average PPP loan of $117,159, 362% higher than this company's loan of $25,375.

SBA PPP loan data, payroll data, and salaries for South Florida Groceries Distributor
FL

South Florida Groceries Distributor

Entity: Subchapter S Corporation

Industry: Supermarkets and Other Grocery (except Convenience) Stores

Location: Medley, FL

Search All PPP Data

South Florida Groceries Distributor is a subchapter s corporation located at 9999 Nw 89th Ave Unit 13 in Medley, Florida that received a Coronavirus-related PPP loan from the SBA of $22,400.00 in May, 2020.

The company has reported itself as an American indian or alaska native male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #9718927707

Loan Size:

$22,400

Jobs Retained:

4

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Regions Bank

South Florida Groceries Distributor in Medley, FL received a Paycheck Protection Loan of $22,400 through Regions Bank, which was approved in May, 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 May, 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 More
Understanding 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 More

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, South Florida Groceries Distributor's 2019 payroll expenses are estimated to be at least $107,520.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $26,880 per employee1

Reported PPP Proceed Usage:

On the PPP application, South Florida Groceries Distributor reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $22,400

Business Information - South Florida Groceries Distributor in Medley, FL

South Florida Groceries Distributor
9999 Nw 89th Ave Unit 13
Medley, FL 33178

Business Industry:
Supermarkets and Other Grocery (except Convenience) Stores
NAICS code 445110

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Miami-dade County, FL — SBA Office 0455 — Congressional District: FL-25

Similar Companies near Medley

In the Medley area, 12 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $21,198 (compared to this company's $22,400).

Industry PPP Comparison Statistics

Nationwide, 25,599 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2.27B 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 18 employees, 350% higher than South Florida Groceries Distributor's reported 4 employees, and received an average PPP loan of $88,740, 296% higher than this company's loan of $22,400.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/south-florida-groceries-distributor-medley-fl