PPP Loan Data — Viage Group South, LLC, Fort Myers Beach, FL
Viage Group South, LLC is a limited liability company (LLC) located at 4765 Estero Blvd in Fort Myers Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $45,995.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
Viage Group South, LLC in Fort Myers Beach, FL received a Paycheck Protection Loan of $45,995 through South State Bank, National Association, which was approved in April, 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, Viage Group South, LLC's 2019 payroll expenses are estimated to be at least $220,776.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,398 per employee1
Reported PPP Proceed Usage:
On the PPP application, Viage Group South, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,995
Business Information - Viage Group South, LLC in Fort Myers Beach, FL
4765 Estero Blvd
Fort Myers Beach, FL 33931
NAICS code 441222
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fort Myers Beach
In the Fort Myers Beach area, 3 businesses in the "Boat Dealers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 12) and received an average PPP loan of $71,292 (compared to this company's $45,995).
Similar Nearby Businesses Who Received PPP Funding:
Sportboats Marine Inc
Fort Myers Beach, FL
Moss Marine, Inc
Fort Myers Beach, FL
Industry PPP Comparison Statistics
Nationwide, 3,914 businesses in the "Boat Dealers" industry received a total of $339.91M 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 9 employees, 25% lower than Viage Group South, LLC's reported 12 employees, and received an average PPP loan of $86,846, 89% higher than this company's loan of $45,995.
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Footnotes & Information
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