PPP Loan Data — Ohio Alpha Environmental Management Corporation, Winter Springs, FL
Ohio Alpha Environmental Management Corporation is a corporation located at 1511 State Road 434 in Winter Springs, Florida that received a Coronavirus-related PPP loan from the SBA of $1,561,428.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Ohio Alpha Environmental Management Corporation in Winter Springs, FL received a Paycheck Protection Loan of $1.56M through Truist Bank d/b/a Branch Banking & Trust Co, 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, Ohio Alpha Environmental Management Corporation's 2019 payroll expenses are estimated to be at least $7.49M.
Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $38,833 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ohio Alpha Environmental Management Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,561,428
Business Information - Ohio Alpha Environmental Management Corporation in Winter Springs, FL
1511 State Road 434
Winter Springs, FL 32708
Environmental Consulting Services
NAICS code 541620
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Winter Springs
In the Winter Springs area, 3 businesses in the "Environmental Consulting Services" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 193) and received an average PPP loan of $800,137 (compared to this company's $1.56M).
Similar Nearby Businesses Who Received PPP Funding:
Alpha Environmental Management Corp, LLC
Winter Springs, FL
The Mitigation Banking Group, Inc
Winter Springs, FL
Industry PPP Comparison Statistics
Nationwide, 9,454 businesses in the "Environmental Consulting Services" industry received a total of $1.05B 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 9 employees, 95% lower than Ohio Alpha Environmental Management Corporation's reported 193 employees, and received an average PPP loan of $110,904, 93% lower than this company's loan of $1.56M.
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Footnotes & Information
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