PPP Loan Data — O2B Early Education Holding, Inc, Gainesville, FL
O2B Early Education Holding, Inc is a corporation located at 106 Nw 33rd Court in Gainesville, Florida that received a Coronavirus-related PPP loan from the SBA of $2,329,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 499 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Huntingdon Valley Bank
O2B Early Education Holding, Inc in Gainesville, FL received a Paycheck Protection Loan of $2.33M through Huntingdon Valley Bank, which was approved in April, 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, O2B Early Education Holding, Inc's 2019 payroll expenses are estimated to be at least $11.18M.
Based on their reported 499 jobs retained, this equals an estimated average yearly compensation of $22,411 per employee1
Reported PPP Proceed Usage:
On the PPP application, O2B Early Education Holding, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,329,800
Business Information - O2B Early Education Holding, Inc in Gainesville, FL
106 Nw 33rd Court
Gainesville, FL 32607
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
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 Gainesville
In the Gainesville area, 27 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 499) and received an average PPP loan of $131,327 (compared to this company's $2.33M).
Similar Nearby Businesses Who Received PPP Funding:
International Education Solutionsinc
Krystal Boykins Williams
Kid's Culture Learning Academy
The Academy At The Family Church
Carmon Kids LLC DBA Kiddie Academy
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 98% lower than O2B Early Education Holding, Inc's reported 499 employees, and received an average PPP loan of $41,676, 98% lower than this company's loan of $2.33M.
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Footnotes & Information
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