PPP Loan Data — U S Stone Restoration, LLC, Cooper City, FL
U S Stone Restoration, LLC is a limited liability company (LLC) located at 5846 S Flamingo Road 161 in Cooper City, Florida that received a Coronavirus-related PPP loan from the SBA of $24,890.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
U S Stone Restoration, LLC in Cooper City, FL received a Paycheck Protection Loan of $24,890 through JPMorgan Chase Bank, National Association, which was approved in May, 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, U S Stone Restoration, LLC's 2019 payroll expenses are estimated to be at least $119,472.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,736 per employee1
Reported PPP Proceed Usage:
On the PPP application, U S Stone Restoration, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,890
Business Information - U S Stone Restoration, LLC in Cooper City, FL
5846 S Flamingo Road 161
Cooper City, FL 33330
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 Cooper City
In the Cooper City area, 22 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $42,263 (compared to this company's $24,890).
Similar Nearby Businesses Who Received PPP Funding:
Ecocare Building Solutions LLC
Cooper City, FL
Royal Crown Molding & Home Improvement Inc
Grass Tech Pros LLC
Castlegate Building Corporation
J & D 2 Inc
Tech-Global LLC DBA South Florida Pools
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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, 300% higher than U S Stone Restoration, LLC's reported 2 employees, and received an average PPP loan of $86,076, 246% higher than this company's loan of $24,890.
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Footnotes & Information
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