PPP Loan Data — World Sports Turf & Marketing LLC, Valrico, FL
World Sports Turf & Marketing LLC is a corporation located at 3808 S Nine Dr in Valrico, Florida that received a Coronavirus-related PPP loan from the SBA of $46,316.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
World Sports Turf & Marketing LLC in Valrico, FL received a Paycheck Protection Loan of $46,316 through Bank of America, National Association, which was approved in May, 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, World Sports Turf & Marketing LLC's 2019 payroll expenses are estimated to be at least $222,317.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, World Sports Turf & Marketing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,316
Business Information - World Sports Turf & Marketing LLC in Valrico, FL
3808 S Nine Dr
Valrico, FL 33596
NAICS code 442110
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Valrico
In the Valrico area, 2 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $27,876 (compared to this company's $46,316).
Similar Nearby Businesses Who Received PPP Funding:
Marden Montenegro Pineda
Industry PPP Comparison Statistics
Nationwide, 16,379 businesses in the "Furniture Stores" industry received a total of $1.53B 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 10 employees, 43% higher than World Sports Turf & Marketing LLC's reported 7 employees, and received an average PPP loan of $93,282, 101% higher than this company's loan of $46,316.
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Footnotes & Information
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