PPP Loan Data — OWL Inc, Saint Johns, FL
OWL Inc is a corporation located at 87 Coles Ct in Saint Johns, Florida that received a Coronavirus-related PPP loan from the SBA of $3,382,000.00 in April, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least 464 people during the applicable loan loan period.
$ PPP Loan Information
Lender:SOUTH STATE BANK, NATIONAL ASSOCIATION
OWL Inc in Saint Johns, FL received a Paycheck Protection Loan of $3.38M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, OWL Inc's total 2019 payroll expenses were approximately $16.23M in order to qualify for the PPP loan amount received.
Based on their reported 464 jobs retained, this equals an estimated average yearly compensation of $34,986 per employee1.
Business Information - OWL Inc in Saint Johns, FL
87 Coles Ct
Saint Johns, FL 32259
Taxi Service (NAICS code 485310)
Business Owner Demographics
Race / Ethnicity: BLACK OR AFRICAN AMERICAN
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: FL-04
Similar Companies near Saint Johns
In the Saint Johns area, 4 businesses in the "Taxi Service" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 464) and received an average PPP loan of $847,665 (compared to this company's $3.38M).
Similar Nearby Businesses Who Received PPP Funding:
Scott T Horowitz
Industry PPP Comparison Statistics
Nationwide, 16,727 businesses in the "Taxi Service" industry received a total of $212,939,262.00 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 2 employees, 100% lower than OWL Inc's reported 464 employees, and received an average PPP loan of $12,730, 100% lower than this company's loan of $3.38M.
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.
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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