PPP Loan Data — Subway 4144, Inc. C/O Makvin Sager, Pembroke Pines, FL
Subway 4144, Inc. C/O Makvin Sager is a subchapter s corporation located at 13036 Nw 14 Street in Pembroke Pines, Florida that received a Coronavirus-related PPP loan from the SBA of $25,082.00 in May, 2020.
The company has reported itself as an Asian male owned business, and employed at least 60 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Subway 4144, Inc. C/O Makvin Sager in Pembroke Pines, FL received a Paycheck Protection Loan of $25,082 through JPMorgan Chase Bank, National Association, which was approved in May, 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 May, 2021.
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, Subway 4144, Inc. C/O Makvin Sager's 2019 payroll expenses are estimated to be at least $120,394.
Based on their reported 60 jobs retained, this equals an estimated average yearly compensation of $2,007 per employee1
Reported PPP Proceed Usage:
On the PPP application, Subway 4144, Inc. C/O Makvin Sager reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,000
- Utilities: $2,367
- Rent: $3,715
Business Information - Subway 4144, Inc. C/O Makvin Sager in Pembroke Pines, FL
13036 Nw 14 Street
Pembroke Pines, FL 33028
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Subway 4144, Inc. C/O Makvin Sager's reported 60 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,082.
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Footnotes & Information
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