In order to qualify for the PPP loan amount received, B Profit Solutions LLC's 2019 payroll expenses are estimated to be at least $707,520.
Profit Solutions LLC in Clermont, FLįor B Profit Solutions LLC, the calculation used to estimate payroll costs is shown below:īased 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). Profit Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - B. Automate everything,no matter how old your house is Wish your house was a smart home It can be. Profit Solutions LLC's 2019 payroll expenses are estimated to be at least $659,520.īased on their reported 20 jobs retained, this equals an estimated average yearly compensation of $32,976 per employee 1 Reported PPP Proceed Usage: In order to qualify for the PPP loan amount received, B. Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased 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).
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Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. Profit Solutions LLC, the calculation used to estimate payroll costs is shown below: The Registered Agent on file for this company is Snedden, Paul and is located at 1078 New Stock Road, Weaverville, NC 28787. The company's filing status is listed as Multiple and its File Number is 0828844. SES - Senior Executive Service Pay Calculatorįor B. is a North Carolina Domestic Business Corporation filed On February 16, 2006.FWS - Federal Wage System Pay Calculator.In order to qualify for the PPP loan amount received, Pro-Fit Solutions LLC's 2019 payroll expenses are estimated to be at least $648,936.
SES - Senior Executive Service Pay Calculatorįor Pro-Fit Solutions LLC, the calculation used to estimate payroll costs is shown below:.
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