PPP Loan Data — One Source Eyewear Inc, Orlando, FL
One Source Eyewear Inc is a corporation located at 7813 Bayflower Way in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $25,275.00 in January, 2021.
The company has reported itself as an American indian or alaska native female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
One Source Eyewear Inc in Orlando, FL received a Paycheck Protection Loan of $25,275 through Regions Bank, which was approved in January, 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, One Source Eyewear Inc's 2019 payroll expenses are estimated to be at least $121,320.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,660 per employee1
Reported PPP Proceed Usage:
On the PPP application, One Source Eyewear Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,275
Business Information - One Source Eyewear Inc in Orlando, FL
7813 Bayflower Way
Orlando, FL 32836
Other Direct Selling Establishments
NAICS code 454390
Business Owner Demographics
Race: American Indian or Alaska Native
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 25 businesses in the "Other Direct Selling Establishments" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $13,307 (compared to this company's $25,275).
Similar Nearby Businesses Who Received PPP Funding:
Brett's Tool Source, LLC
Luis Rico Moreno
Arnaldo Antonio Alvarado Saa
Jesus Sutherland Pinto
Industry PPP Comparison Statistics
Nationwide, 38,556 businesses in the "Other Direct Selling Establishments" industry received a total of $1.23B 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 3 employees, 50% higher than One Source Eyewear Inc's reported 2 employees, and received an average PPP loan of $32,022, 27% higher than this company's loan of $25,275.
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Footnotes & Information
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