PPP Loan Data — Team St Pete Inc, Clearwater, FL
Team St Pete Inc is a corporation located at 2659 Ulmerton Rd in Clearwater, Florida that received a Coronavirus-related PPP loan from the SBA of $1,565,852.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Team St Pete Inc in Clearwater, FL received a Paycheck Protection Loan of $1.57M through Bank of America, National Association, 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, Team St Pete Inc's 2019 payroll expenses are estimated to be at least $7.52M.
Based on their reported 401 jobs retained, this equals an estimated average yearly compensation of $18,743 per employee1
Reported PPP Proceed Usage:
On the PPP application, Team St Pete Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,565,852
Business Information - Team St Pete Inc in Clearwater, FL
2659 Ulmerton Rd
Clearwater, FL 33762
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Clearwater
In the Clearwater area, 34 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 401) and received an average PPP loan of $80,786 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
St Mary And St Mena Inc
JET Ice, LLC
J&N Of Countryside,LLC
Taco Bar Inc
Perry's BBQ & Asian Grill At Countryside, Inc
Poke Fun Inc
Drizis Enterprise Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 95% lower than Team St Pete Inc's reported 401 employees, and received an average PPP loan of $100,980, 94% lower than this company's loan of $1.57M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!