PPP Loan Data — Orlando Estate Auction LLC, Orlando, FL
Orlando Estate Auction LLC is a limited liability company (LLC) located at 2573 Silver Star Rd in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $45,784.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Orlando Estate Auction LLC in Orlando, FL received a Paycheck Protection Loan of $45,784 through Wells Fargo Bank, National Association, which was approved in May, 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, Orlando Estate Auction LLC's 2019 payroll expenses are estimated to be at least $219,763.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,418 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orlando Estate Auction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,784
Business Information - Orlando Estate Auction LLC in Orlando, FL
2573 Silver Star Rd
Orlando, FL 32804
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 34 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 9) and received an average PPP loan of $47,463 (compared to this company's $45,784).
Similar Nearby Businesses Who Received PPP Funding:
The Sales Rebellion, LLC
First Class Strategies
Orlando VIP Travel Inc
The Haralson Group LLC
Dickerson Family Enterprises, Inc
Emetrix Systems LLC
The Data Group LLC
Bruce E. Hefka Management & Sales
Bio-Tech Consulting Inc
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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 6 employees, 33% lower than Orlando Estate Auction LLC's reported 9 employees, and received an average PPP loan of $49,465, 8% higher than this company's loan of $45,784.
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Footnotes & Information
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