PPP Loan Data — Orly International Inc, Van Nuys, CA
Orly International Inc is a corporation located at 7710 Haskell Ave in Van Nuys, California that received a Coronavirus-related PPP loan from the SBA of $1,496,470.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 109 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Orly International Inc in Van Nuys, CA received a Paycheck Protection Loan of $1.5M through Cathay 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, Orly International Inc's 2019 payroll expenses are estimated to be at least $7.18M.
Based on their reported 109 jobs retained, this equals an estimated average yearly compensation of $65,900 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orly International Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,496,470
Business Information - Orly International Inc in Van Nuys, CA
7710 Haskell Ave
Van Nuys, CA 91406
Soap and Other Detergent Manufacturing
NAICS code 325611
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: Y
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, 90% lower than Orly International Inc's reported 109 employees, and received an average PPP loan of $113,626, 92% lower than this company's loan of $1.5M.
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Footnotes & Information
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