PPP Loan Data — ORI Acquisition, Inc, Louisville, KY
ORI Acquisition, Inc is a subchapter s corporation located at 12600 Plantside Dr in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $1,543,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 131 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Stock Yards Bank & Trust Company
ORI Acquisition, Inc in Louisville, KY received a Paycheck Protection Loan of $1.54M through Stock Yards Bank & Trust Company, 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, ORI Acquisition, Inc's 2019 payroll expenses are estimated to be at least $7.41M.
Based on their reported 131 jobs retained, this equals an estimated average yearly compensation of $56,556 per employee1
Reported PPP Proceed Usage:
On the PPP application, ORI Acquisition, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,543,500
Business Information - ORI Acquisition, Inc in Louisville, KY
12600 Plantside Dr
Louisville, KY 40299
NAICS code 442110
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 Louisville
In the Louisville area, 4 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 131) and received an average PPP loan of $744,333 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
HHS Of Louisville, LLC
KV Flooring, Inc
Industry PPP Comparison Statistics
Nationwide, 16,379 businesses in the "Furniture Stores" industry received a total of $1.53B 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 10 employees, 92% lower than ORI Acquisition, Inc's reported 131 employees, and received an average PPP loan of $93,282, 94% lower than this company's loan of $1.54M.
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Footnotes & Information
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