PPP Loan Data — Southeast Wholesale Specialties, Inc, Largo, FL
Southeast Wholesale Specialties, Inc is a subchapter s corporation located at 8033 Ulmerton Rd in Largo, Florida that received a Coronavirus-related PPP loan from the SBA of $24,897.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Southeast Wholesale Specialties, Inc in Largo, FL received a Paycheck Protection Loan of $24,897 through Quontic Bank, which was approved in August, 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 Wholesale Specialties, Inc's 2019 payroll expenses are estimated to be at least $119,506.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,877 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southeast Wholesale Specialties, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,897
Business Information - Southeast Wholesale Specialties, Inc in Largo, FL
8033 Ulmerton Rd
Largo, FL 33771
NAICS code 444110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,151 businesses in the "Home Centers" industry received a total of $435M 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 15 employees, 275% higher than Southeast Wholesale Specialties, Inc's reported 4 employees, and received an average PPP loan of $138,053, 454% higher than this company's loan of $24,897.
FederalPay's PPP Information Policy
Footnotes & Information
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