PPP Loan Data — West Volusia Fire Equipment Inc, Deland, FL
West Volusia Fire Equipment Inc is a subchapter s corporation located at Po Box 729 in Deland, Florida that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Mainstreet Community Bank of Florida
West Volusia Fire Equipment Inc in Deland, FL received a Paycheck Protection Loan of $24,900 through Mainstreet Community Bank of Florida, which was approved in June, 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, West Volusia Fire Equipment Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, West Volusia Fire Equipment Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - West Volusia Fire Equipment Inc in Deland, FL
Po Box 729
Deland, FL 32721
Other Communications Equipment Manufacturing
NAICS code 334290
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 761 businesses in the "Other Communications Equipment Manufacturing" industry received a total of $205.89M 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 21 employees, 320% higher than West Volusia Fire Equipment Inc's reported 5 employees, and received an average PPP loan of $270,551, 987% higher than this company's loan of $24,900.
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Footnotes & Information
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