PPP Loan Data — The De Moya Group, Inc, Miami, FL
The De Moya Group, Inc is a professional association located at 14600 136th St in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $4,904,970.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
The De Moya Group, Inc in Miami, FL received a Paycheck Protection Loan of $4.9M through TD Bank, 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, The De Moya Group, Inc's 2019 payroll expenses are estimated to be at least $23.54M.
Based on their reported 363 jobs retained, this equals an estimated average yearly compensation of $64,859 per employee1
Reported PPP Proceed Usage:
On the PPP application, The De Moya Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,904,970
Business Information - The De Moya Group, Inc in Miami, FL
14600 136th St
Miami, FL 33186
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 57 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 363) and received an average PPP loan of $130,406 (compared to this company's $4.9M).
Similar Nearby Businesses Who Received PPP Funding:
Giordana V Gonzalez Bonafonte
All Insurance Restoration Services, Inc
Mmsd Services Corp
EU Electrical Services, LLC
Millwork Wholesaler Supplies LLC
Florida Swimming Pools LLC
Limn Broadband Services Inc
Industry PPP Comparison Statistics
Nationwide, 92,275 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.02B 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 8 employees, 98% lower than The De Moya Group, Inc's reported 363 employees, and received an average PPP loan of $86,934, 98% lower than this company's loan of $4.9M.
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Footnotes & Information
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