PPP Loan Data — Sun State International, LLC, Tampa, FL
Sun State International, LLC is a limited liability company (LLC) located at 6020 Adamo Dr in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $1,927,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Valley National Bank
Sun State International, LLC in Tampa, FL received a Paycheck Protection Loan of $1.93M through Valley National Bank, 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 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, Sun State International, LLC's 2019 payroll expenses are estimated to be at least $9.25M.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $46,715 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sun State International, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,927,000
Business Information - Sun State International, LLC in Tampa, FL
6020 Adamo Dr
Tampa, FL 33619
Used Car Dealers
NAICS code 441120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 21 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 198) and received an average PPP loan of $122,081 (compared to this company's $1.93M).
Similar Nearby Businesses Who Received PPP Funding:
3-D Motors Inc
C&N Auto Sales Inc
Japanese And European Used Auto Parts Specialists, Inc
Victory Auto Mall LLC
B & B Truck Corral Inc
Industry PPP Comparison Statistics
Nationwide, 40,336 businesses in the "Used Car Dealers" industry received a total of $2.19B 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 6 employees, 97% lower than Sun State International, LLC's reported 198 employees, and received an average PPP loan of $54,194, 97% lower than this company's loan of $1.93M.
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Footnotes & Information
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