PPP Loan Data — Orlando Freightliner, Inc, Apopka, FL
Orlando Freightliner, Inc
Location: Apopka, FLTweet This • Search All PPP Data
Orlando Freightliner, Inc is a corporation located at 2455 S. Orange Blossom Trl in Apopka, Florida that received a Coronavirus-related PPP loan from the SBA of $2,194,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:One Florida Bank
Orlando Freightliner, Inc in Apopka, FL received a Paycheck Protection Loan of $2.19M through One Florida Bank, 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, Orlando Freightliner, Inc's 2019 payroll expenses are estimated to be at least $10.53M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $59,842 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orlando Freightliner, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,194,200
Business Information - Orlando Freightliner, Inc in Apopka, FL
2455 S. Orange Blossom Trl
Apopka, FL 32703
Automobile and Other Motor Vehicle Merchant Wholesalers
NAICS code 423110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Apopka
In the Apopka area, 4 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 176) and received an average PPP loan of $564,170 (compared to this company's $2.19M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 10,057 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $989.93M 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 9 employees, 95% lower than Orlando Freightliner, Inc's reported 176 employees, and received an average PPP loan of $98,432, 96% lower than this company's loan of $2.19M.
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Footnotes & Information
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