Southeast Frozen Foods Company, LP in Miramar, FL - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Southeast Frozen Foods Company, LP, Miramar, FL

Southeast Frozen Foods Company, LP

Entity: Limited Liability Partnership

Industry: Packaged Frozen Food Merchant Wholesalers

Location: Miramar, FL

Southeast Frozen Foods Company, LP is a limited liability partnership located at 3261 Executive Way in Miramar, Florida that received a Coronavirus-related PPP loan from the SBA of $3,860,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.86M

Jobs Retained:

370

Loan Approved:

2020-04-14

Lender:

AMERANT BANK, NATIONAL ASSOCIATION

Southeast Frozen Foods Company, LP in Miramar, FL received a Paycheck Protection Loan of $3.86M through AMERANT BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Southeast Frozen Foods Company, LP's total 2019 payroll expenses were approximately $18.53M in order to qualify for the PPP loan amount received.

Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $50,083 per employee¹.

Because the loan received by Southeast Frozen Foods Company, LP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Southeast Frozen Foods Company, LP in Miramar, FL

Southeast Frozen Foods Company, LP
3261 Executive Way
Miramar, FL 33025

Business Industry

Packaged Frozen Food Merchant Wholesalers (NAICS code 424420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-20

Industry PPP Comparison Statistics

Nationwide, 831 businesses in the "Packaged Frozen Food Merchant Wholesalers" industry received a total of $205,635,611.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 94% lower than Southeast Frozen Foods Company, LP's reported 370 employees, and received an average PPP loan of $247,456, 94% lower than this company's loan of $3.86M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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