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PPP Loan Data — Orthomerica Products, Inc., Orlando, FL

SBA PPP loan data, payroll data, and salaries for Orthomerica Products, Inc.
FL

Orthomerica Products, Inc.

Entity: Subchapter S Corporation

Industry: Surgical Appliance and Supplies Manufacturing

Location: Orlando, FL

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Orthomerica Products, Inc. is a subchapter s corporation located at 6333 N. Orange Blossom Trail in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $2,503,842.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 239 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

239

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Orthomerica Products, Inc. in Orlando, FL received a Paycheck Protection Loan of $2.5M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Orthomerica Products, Inc.'s total 2019 payroll expenses were approximately $12.02M in order to qualify for the PPP loan amount received.

Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $50,286 per employee1.

Because the loan received by Orthomerica Products, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Orthomerica Products, Inc. in Orlando, FL

Orthomerica Products, Inc.
6333 N. Orange Blossom Trail
Orlando, FL 32810

Business Industry

Surgical Appliance and Supplies Manufacturing (NAICS code 339113)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: FL-10

Industry PPP Comparison Statistics

Nationwide, 1,818 businesses in the "Surgical Appliance and Supplies Manufacturing" industry received a total of $300,003,901.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 95% lower than Orthomerica Products, Inc.'s reported 239 employees, and received an average PPP loan of $165,019, 93% lower than this company's loan of $2.5M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/orthomerica-products-inc-orlando-fl