PPP Loan Data — Teamfix LLC, Miami, FL
Teamfix LLC is a limited liability company (LLC) located at Unit 19 11510 Sw 147th Ave in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $25,313.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Teamfix LLC in Miami, FL received a Paycheck Protection Loan of $25,313 through Cross River Bank, which was approved in May, 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, Teamfix LLC's 2019 payroll expenses are estimated to be at least $121,502.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,250 per employee1
Reported PPP Proceed Usage:
On the PPP application, Teamfix LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,313
Business Information - Teamfix LLC in Miami, FL
Unit 19 11510 Sw 147th Ave
Miami, FL 33196
Consumer Electronics Repair and Maintenance
NAICS code 811211
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 4 businesses in the "Consumer Electronics Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 6) and received an average PPP loan of $12,082 (compared to this company's $25,313).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 5,848 businesses in the "Consumer Electronics Repair and Maintenance" industry received a total of $204.36M 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 4 employees, 33% lower than Teamfix LLC's reported 6 employees, and received an average PPP loan of $34,945, 38% higher than this company's loan of $25,313.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!