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PPP Loan Data — Wanda Smith, Wellington, FL

SBA PPP loan data, payroll data, and salaries for Wanda Smith
FL

Wanda Smith

Entity: Sole Proprietorship

Industry: Other Direct Selling Establishments

Location: Wellington, FL

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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 #2261719006

Loan Size:

$5,990

Jobs Retained:

1

Loan Approved:

2021-05-15

Loan Status:

Active Un-Disbursed

Lender:

Leader Bank, National Association
PPP Funds Undisbursed

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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

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

Wanda Smith
Wellington, FL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Direct Selling Establishments
NAICS code 454390

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Palm Beach County, FL — SBA Office 0455 — Congressional District: FL-21

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).

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/wanda-smith-wellington-fl