PPP Loan Data — Community Foundation For Ocala Marion County, Inc, Ocala, FL
Community Foundation For Ocala Marion County, Inc is a non-profit organization located at 324 Se 24th Street in Ocala, Florida that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Community Foundation For Ocala Marion County, Inc in Ocala, FL received a Paycheck Protection Loan of $46,400 through Regions Bank, 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 April, 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, Community Foundation For Ocala Marion County, Inc's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,817 per employee1
Reported PPP Proceed Usage:
On the PPP application, Community Foundation For Ocala Marion County, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Community Foundation For Ocala Marion County, Inc in Ocala, FL
324 Se 24th Street
Ocala, FL 34471
NAICS code 813211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Ocala
In the Ocala area, 3 businesses in the "Grantmaking Foundations" 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 $30,990 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Helping Hands Foundation Inc
Ocala Main Street Inc
Industry PPP Comparison Statistics
Nationwide, 4,623 businesses in the "Grantmaking Foundations" industry received a total of $559.02M 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 12 employees, 71% higher than Community Foundation For Ocala Marion County, Inc's reported 7 employees, and received an average PPP loan of $120,922, 161% higher than this company's loan of $46,400.
FederalPay's PPP Information Policy
Footnotes & Information
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