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PPP Loan Data — OSM Aviation Inc, Fort Lauderdale, FL

SBA PPP loan data, payroll data, and salaries for OSM Aviation Inc
FL

OSM Aviation Inc

Entity: Corporation

Industry: Professional and Management Development Training

Location: Fort Lauderdale, FL

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OSM Aviation Inc is a corporation located at 915 Middle River Dr Ste 408 in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $3,720,642.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.72M

Jobs Retained:

493

Loan Approved:

2020-04-28

Lender:

HSBC BANK USA, NATIONAL ASSOCIATION

OSM Aviation Inc received a Paycheck Protection Loan of $3.72M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, OSM Aviation Inc's total 2019 payroll expenses were approximately $17.86M in order to qualify for the PPP loan amount received.

Based on their reported 493 jobs retained, this equals an estimated average yearly compensation of $36,225 per employee1.

Because the loan received by OSM Aviation 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 - OSM Aviation Inc in Fort Lauderdale, FL

OSM Aviation Inc
915 Middle River Dr Ste 408
Fort Lauderdale, FL 33304

Business Industry

Professional and Management Development Training (NAICS code 611430)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-22

Industry PPP Comparison Statistics

Nationwide, 5,287 businesses in the "Professional and Management Development Training" industry received a total of $321,111,970.00 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 4 employees, 99% lower than OSM Aviation Inc's reported 493 employees, and received an average PPP loan of $60,736, 98% lower than this company's loan of $3.72M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/osm-aviation-inc-fort-lauderdale-fl