PPP Loan Data — The Florida Cane Distillery, Inc, Tampa, FL
The Florida Cane Distillery, Inc is a corporation located at 1820 N 15th Street in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $25,487.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
The Florida Cane Distillery, Inc in Tampa, FL received a Paycheck Protection Loan of $25,487 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, The Florida Cane Distillery, Inc's 2019 payroll expenses are estimated to be at least $122,338.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,234 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Florida Cane Distillery, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,487
Business Information - The Florida Cane Distillery, Inc in Tampa, FL
1820 N 15th Street
Tampa, FL 33594
NAICS code 312140
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, 2 businesses in the "Distilleries" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 10) and received an average PPP loan of $25,487 (compared to this company's $25,487).
Similar Nearby Businesses Who Received PPP Funding:
The Florida Cane Distillery Inc
1820 N 15th Street, FL
Industry PPP Comparison Statistics
Nationwide, 1,172 businesses in the "Distilleries" industry received a total of $101.84M 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 11 employees, 10% higher than The Florida Cane Distillery, Inc's reported 10 employees, and received an average PPP loan of $86,892, 241% higher than this company's loan of $25,487.
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Footnotes & Information
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