PPP Loan Data — YO Boss LLC, Fort Lauderdale, FL
YO Boss LLC is a corporation located at 4900 S. University Dr #103 in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $25,445.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
YO Boss LLC in Fort Lauderdale, FL received a Paycheck Protection Loan of $25,445 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, YO Boss LLC's 2019 payroll expenses are estimated to be at least $122,136.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,395 per employee1
Reported PPP Proceed Usage:
On the PPP application, YO Boss LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,445
Business Information - YO Boss LLC in Fort Lauderdale, FL
4900 S. University Dr #103
Fort Lauderdale, FL 33328
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 8 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 13) and received an average PPP loan of $34,890 (compared to this company's $25,445).
Similar Nearby Businesses Who Received PPP Funding:
Toss Up Salads III Inc
Cooper City, FL
Cooper City, FL
Hana Enterprises Inc
Halo Halo Natural Nitro Ice Creamery LLC
Mini Donut World Cooper City LLC
Cooper City, FL
Industry PPP Comparison Statistics
Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B 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 11 employees, 15% lower than YO Boss LLC's reported 13 employees, and received an average PPP loan of $52,130, 105% higher than this company's loan of $25,445.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!