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PPP Loan Data — Storyvox Creative Inc,
Sarasota, FL
Storyvox Creative Inc
Entity: Subchapter S Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: Sarasota, FL
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Storyvox Creative Inc is a subchapter s corporation located at 46 N Washington Blvd in Sarasota, Florida that received a Coronavirus-related PPP loan from the SBA of $36,139.00 in January, 2021.
$
PPP Loan Information
Loan #7850008304
Loan Size:
Jobs Retained:
4Loan Approved:
2021-01-28Loan Status:
Paid in Full or ForgivenLender:
Seacoast National BankStoryvox Creative Inc in Sarasota, FL received a Paycheck Protection Loan of $36,139 through Seacoast National Bank, which was approved in January, 2021.
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 October, 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 MoreUnderstanding 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 MoreBased 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, Storyvox Creative Inc's 2019 payroll expenses are estimated to be at least $173,467.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $43,367 per employee1
Reported PPP Proceed Usage:
On the PPP application, Storyvox Creative Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,138
Business Information - Storyvox Creative Inc in Sarasota, FL
46 N Washington Blvd
Sarasota, FL 34236
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Storyvox Creative Inc.
Paul A Moran PA
Offices of Lawyers
Similar Companies near Sarasota
In the Sarasota area, 49 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 4) and received an average PPP loan of $133,905 (compared to this company's $36,139).
Similar Nearby Businesses Who Received PPP Funding:
Allison W Sunshine
Sarasota, FL
Anjunar Gcp
Sarasota, FL
M&H Technologies, LLC
Sarasota, FL
Luxe Salon And Day Spa LLC
Sarasota, FL
John Justin Prosser
Sarasota, FL
Bestweather Inc
Sarasota, FL
Carl Buck
Sarasota, FL
FT Design Inc
Sarasota, FL
Jackie Hamel
Sarasota, FL
Industry PPP Comparison Statistics
Nationwide, 128,283 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.38B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 25% higher than Storyvox Creative Inc's reported 4 employees, and received an average PPP loan of $57,491, 59% higher than this company's loan of $36,139.
Storyvox Creative Inc
Entity: Subchapter S Corporation
Industry: Advertising Agencies
Location: Sarasota, FL
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Storyvox Creative Inc is a subchapter s corporation located at 5636 Country Lakes Dr in Sarasota, Florida that received a Coronavirus-related PPP loan from the SBA of $34,662.00 in April, 2020.
$
PPP Loan Information
Loan #5951497304
Loan Size:
Jobs Retained:
4Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
WebBankStoryvox Creative Inc in Sarasota, FL received a Paycheck Protection Loan of $34,662 through WebBank, which was approved in April, 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 June, 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 MoreUnderstanding 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 MoreBased 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, Storyvox Creative Inc's 2019 payroll expenses are estimated to be at least $166,378.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $41,595 per employee1
Reported PPP Proceed Usage:
On the PPP application, Storyvox Creative Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,662
Business Information - Storyvox Creative Inc in Sarasota, FL
5636 Country Lakes Dr
Sarasota, FL 34243
Business Industry:
Advertising Agencies
NAICS code 541810
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Sarasota
In the Sarasota area, 13 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $23,056 (compared to this company's $34,662).
Similar Nearby Businesses Who Received PPP Funding:
Construction Marketing Services LLC
Sarasota, FL
Exodus Partners Inc
Sarasota, FL
Imagica LLC
Sarasota, FL
Jason Mcguire
Siesta Key, FL
Marketing By Design Of Sarasota Inc
Sarasota, FL
Madison Ave Media And Design LLC
Sarasota, FL
Print & Marketing Resource, LLC
Sarasota, FL
AD Alligator Inc
Sarasota, FL
Industry PPP Comparison Statistics
Nationwide, 23,792 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 75% higher than Storyvox Creative Inc's reported 4 employees, and received an average PPP loan of $100,455, 190% higher than this company's loan of $34,662.
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.
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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