PPP Loan Data — Southeast Milk, Inc, Belleview, FL
Southeast Milk, Inc
Location: Belleview, FLTweet This • Search All PPP Data
Southeast Milk, Inc is a corporation located at 1950 Se County Hwy 484 P O Box 3790 in Belleview, Florida that received a Coronavirus-related PPP loan from the SBA of $4,523,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Southeast Milk, Inc in Belleview, FL received a Paycheck Protection Loan of $4.52M through PNC Bank, National Association, which was approved in April, 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, Southeast Milk, Inc's 2019 payroll expenses are estimated to be at least $21.71M.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $77,537 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southeast Milk, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,523,000
Business Information - Southeast Milk, Inc in Belleview, FL
1950 Se County Hwy 484 P O Box 3790
Belleview, FL 34421
Dairy Product (except Dried or Canned) Merchant Wholesalers
NAICS code 424430
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,068 businesses in the "Dairy Product (except Dried or Canned) Merchant Wholesalers" industry received a total of $185.19M 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, 94% lower than Southeast Milk, Inc's reported 280 employees, and received an average PPP loan of $173,400, 96% lower than this company's loan of $4.52M.
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Footnotes & Information
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