PPP Loan Data — OLP Of Southwest Florida Inc, Naples, FL
OLP Of Southwest Florida Inc is a corporation located at 5850 Shirley St Ste 103 in Naples, Florida that received a Coronavirus-related PPP loan from the SBA of $46,174.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
OLP Of Southwest Florida Inc in Naples, FL received a Paycheck Protection Loan of $46,174 through Bank of America, National Association, which was approved in May, 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 June, 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, OLP Of Southwest Florida Inc's 2019 payroll expenses are estimated to be at least $221,635.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $17,049 per employee1
Reported PPP Proceed Usage:
On the PPP application, OLP Of Southwest Florida Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,174
Business Information - OLP Of Southwest Florida Inc in Naples, FL
5850 Shirley St Ste 103
Naples, FL 34109
NAICS code 522120
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 105 businesses in the "Savings Institutions" industry received a total of $7.1M 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 7 employees, 46% lower than OLP Of Southwest Florida Inc's reported 13 employees, and received an average PPP loan of $67,658, 47% higher than this company's loan of $46,174.
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Footnotes & Information
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