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PPP Loan Data — Williams Island Property Owners, Aventura, FL

SBA PPP loan data, payroll data, and salaries for Williams Island Property Owners
FL

Williams Island Property Owners

Entity: Corporation

Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)

Location: Aventura, FL

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Williams Island Property Owners is a corporation located at 5300 Island Boulevard in Aventura, Florida that received a Coronavirus-related PPP loan from the SBA of $2,629,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.63M

Jobs Retained:

279

Loan Approved:

2020-05-01

Lender:

SYNOVUS BANK

Williams Island Property Owners in Aventura, FL received a Paycheck Protection Loan of $2.63M through SYNOVUS BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Williams Island Property Owners' total 2019 payroll expenses were approximately $12.62M in order to qualify for the PPP loan amount received.

Based on their reported 279 jobs retained, this equals an estimated average yearly compensation of $45,230 per employee1.

Because the loan received by Williams Island Property Owners is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Williams Island Property Owners in Aventura, FL

Williams Island Property Owners
5300 Island Boulevard
Aventura, FL 33160

Business Industry

Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) (NAICS code 813990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-23

Similar Companies near Aventura

In the Aventura area, 15 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 279) and received an average PPP loan of $211,548 (compared to this company's $2.63M).

Industry PPP Comparison Statistics

Nationwide, 5,649 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a total of $456,342,271.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 97% lower than Williams Island Property Owners' reported 279 employees, and received an average PPP loan of $80,783, 97% lower than this company's loan of $2.63M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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/williams-island-property-owners-aventura-fl