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PPP Loan Data — Versatile Solutions And Services, Inc.,
Tamarac, FL
Versatile Solutions And Services, Inc.
Entity: Corporation
Industry: All Other Support Services
Location: Tamarac, FL
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Versatile Solutions And Services, Inc. is a corporation located at 5403 Nw 23rd Ter in Tamarac, Florida that received a Coronavirus-related PPP loan from the SBA of $15,000.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
2Loan Approved:
2020-05-01Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONVersatile Solutions And Services, Inc. received a Paycheck Protection Loan of $15,000 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Versatile Solutions And Services, Inc.'s total 2019 payroll expenses were approximately $72,000 in order to qualify for the PPP loan amount received.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $36,000 per employee1.
Business Information - Versatile Solutions And Services, Inc. in Tamarac, FL
5403 Nw 23rd Ter
Tamarac, FL 33309
Business Industry
All Other Support Services (NAICS code 561990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-20Similar Companies near Tamarac
In the Tamarac area, 27 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 2) and received an average PPP loan of $266,582 (compared to this company's $15,000).
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Industry PPP Comparison Statistics
Nationwide, 26,446 businesses in the "All Other Support Services" industry received a total of $1,388,180,245.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 200% higher than Versatile Solutions And Services, Inc.'s reported 2 employees, and received an average PPP loan of $52,491, 250% higher than this company's loan of $15,000.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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