PPP Loan Data — The Trading Post At Burnt Store Marina LLC, Punta Gorda, FL
The Trading Post At Burnt Store Marina LLC is a limited liability company (LLC) located at 3190 Matecumbe Key Rd in Punta Gorda, Florida that received a Coronavirus-related PPP loan from the SBA of $25,286.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Trading Post At Burnt Store Marina LLC in Punta Gorda, FL received a Paycheck Protection Loan of $25,286 through Centennial 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, The Trading Post At Burnt Store Marina LLC's 2019 payroll expenses are estimated to be at least $121,373.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,137 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Trading Post At Burnt Store Marina LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,286
Business Information - The Trading Post At Burnt Store Marina LLC in Punta Gorda, FL
3190 Matecumbe Key Rd
Punta Gorda, FL 33955
Gift, Novelty, and Souvenir Stores
NAICS code 453220
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Punta Gorda
In the Punta Gorda area, 2 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 10) and received an average PPP loan of $15,196 (compared to this company's $25,286).
Similar Nearby Businesses Who Received PPP Funding:
Saint James City, FL
Industry PPP Comparison Statistics
Nationwide, 17,351 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $573.27M 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, 40% lower than The Trading Post At Burnt Store Marina LLC's reported 10 employees, and received an average PPP loan of $33,040, 31% higher than this company's loan of $25,286.
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Footnotes & Information
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