PPP Loan Data — Wanda Smith, Wellington, FL
Wanda Smith is a sole proprietorship located in Wellington, Florida that received a Coronavirus-related PPP loan from the SBA of $5,990.00 in May, 2021.
PPP Loan Information
Loan Status:Active Un-Disbursed
Lender:Leader Bank, National Association
Wanda Smith in Wellington, FL received a Paycheck Protection Loan of $5,990 through Leader Bank, National Association, which was approved in May, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $5,990 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in May, 2021.
Reported PPP Proceed Usage:
On the PPP application, Wanda Smith reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,987
- Utilities: $1
Business Information - Wanda Smith in Wellington, FL
* Full address is redacted to protect the privacy of individuals.
Other Direct Selling Establishments
NAICS code 454390
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wellington
In the Wellington area, 27 businesses in the "Other Direct Selling Establishments" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $51,539 (compared to this company's $5,990).
Similar Nearby Businesses Who Received PPP Funding:
Horse Gym USA, LLC
Innovate Audio Visual, Inc
West Palm Beach, FL
Florida Waterblasting LLC
West Palm Beach, FL
Salt Cave Uk LLC
Industry PPP Comparison Statistics
Nationwide, 38,556 businesses in the "Other Direct Selling Establishments" industry received a total of $1.23B 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 3 employees, 200% higher than Wanda Smith's reported 1 employees, and received an average PPP loan of $32,022, 435% higher than this company's loan of $5,990.
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. Estimations for informational purposes only. 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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