PPP Loan Data — Sports Leadership And Management, Inc, Miami, FL
Sports Leadership And Management, Inc is a non-profit organization located at 6340 Sunset Drive in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $1,958,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Sports Leadership And Management, Inc in Miami, FL received a Paycheck Protection Loan of $1.96M through Regions Bank, 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, Sports Leadership And Management, Inc's 2019 payroll expenses are estimated to be at least $9.4M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $42,729 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sports Leadership And Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,958,400
Business Information - Sports Leadership And Management, Inc in Miami, FL
6340 Sunset Drive
Miami, FL 33143
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 37 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 220) and received an average PPP loan of $447,990 (compared to this company's $1.96M).
Similar Nearby Businesses Who Received PPP Funding:
Our Lady Of Lourdes Academy
Sheyes Of Miami Elementary, Inc
Miami Academy Of Beauty Culture Inc
Apple Learning Center Inc
Del Moral Learning Center Inc
Theodore R. And Thelma A. Gibson Charter School, Inc
Kendall Academy LLC
Alexander Toddler & Pre-School Inc
Industry PPP Comparison Statistics
Nationwide, 22,714 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B 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 38 employees, 83% lower than Sports Leadership And Management, Inc's reported 220 employees, and received an average PPP loan of $323,643, 83% lower than this company's loan of $1.96M.
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Footnotes & Information
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