PPP Loan Data — OTR Capital, LLC, Roswell, GA
OTR Capital, LLC is a limited liability company (LLC) located at 1000 Holcomb Woods Pkwy in Roswell, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,465,000.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 163 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cadence Bank, National Association
OTR Capital, LLC in Roswell, GA received a Paycheck Protection Loan of $2.47M through Cadence 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, OTR Capital, LLC's 2019 payroll expenses are estimated to be at least $11.83M.
Based on their reported 163 jobs retained, this equals an estimated average yearly compensation of $72,589 per employee1
Reported PPP Proceed Usage:
On the PPP application, OTR Capital, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,465,000
Business Information - OTR Capital, LLC in Roswell, GA
1000 Holcomb Woods Pkwy
Roswell, GA 30076
NAICS code 522220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Roswell
In the Roswell area, 8 businesses in the "Sales Financing" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 163) and received an average PPP loan of $344,604 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
One New Success LLC
Key Credit Corp
E Motorworks Inc
Industry PPP Comparison Statistics
Nationwide, 16,168 businesses in the "Sales Financing" industry received a total of $411.76M 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 2 employees, 99% lower than OTR Capital, LLC's reported 163 employees, and received an average PPP loan of $25,468, 99% lower than this company's loan of $2.47M.
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Footnotes & Information
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