PPP Loan Data — Oralabs, Inc, Parker, CO
Oralabs, Inc is a subchapter s corporation located at 18685 E Plaza Drive in Parker, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,231,810.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 300 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Oralabs, Inc in Parker, CO received a Paycheck Protection Loan of $2.23M through KeyBank National Association, 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, Oralabs, Inc's 2019 payroll expenses are estimated to be at least $10.71M.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $35,709 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oralabs, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,231,810
Business Information - Oralabs, Inc in Parker, CO
18685 E Plaza Drive
Parker, CO 80134
Soap and Other Detergent Manufacturing
NAICS code 325611
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,428 businesses in the "Soap and Other Detergent Manufacturing" industry received a total of $162.26M 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 11 employees, 96% lower than Oralabs, Inc's reported 300 employees, and received an average PPP loan of $113,626, 95% lower than this company's loan of $2.23M.
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Footnotes & Information
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