PPP Loan Data — Veterans Courier Services, LLC, Hollywood, FL
Veterans Courier Services, LLC is a limited liability company (LLC) located at 2523 Funston Street in Hollywood, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a White male veteran owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
Veterans Courier Services, LLC in Hollywood, FL received a Paycheck Protection Loan of $25,000 through Celtic Bank Corporation, 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, Veterans Courier Services, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Veterans Courier Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Veterans Courier Services, LLC in Hollywood, FL
2523 Funston Street
Hollywood, FL 33020
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hollywood
In the Hollywood area, 320 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $25,513 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Mr Detailing Corp
Valued Wholesale LLC
The Superhuman Movement LLC
Miami Savage Fitness LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, the same amount reported by Veterans Courier Services, LLC and received an average PPP loan of $23,676, 5% lower than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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