PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — OWL Inc, Saint Johns, FL

ALERT: There are 2 PPP loans for a total of $5.38M in our database for businesses with the name "OWL Inc" in Saint Johns, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for OWL Inc
FL

OWL Inc

Entity: Corporation

Industry: Special Needs Transportation

Location: Saint Johns, FL

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OWL Inc is a corporation located at 87 Coles Ct N/a in Saint Johns, Florida that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

The company has reported itself as a Black or african american male veteran owned business, and employed at least 279 people during the applicable loan loan period.

$ PPP Loan Information
Loan #9065858501

Loan Size:

$2M

Jobs Retained:

279

Loan Approved:

2021-03-12

Loan Status:

Ongoing Loan

Lender:

South State Bank, National Association

OWL Inc in Saint Johns, FL received a Paycheck Protection Loan of $2M through South State Bank, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, OWL Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 279 jobs retained, this equals an estimated average yearly compensation of $34,409 per employee1

Reported PPP Proceed Usage:

On the PPP application, OWL Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by OWL 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 - OWL Inc in Saint Johns, FL

OWL Inc
87 Coles Ct N/a
Saint Johns, FL 32259

Business Industry:
Special Needs Transportation
NAICS code 485991

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Saint Johns County, FL — SBA Office 0491 — Congressional District: FL-04

Similar Companies near Saint Johns

In the Saint Johns area, 3 businesses in the "Special Needs Transportation" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 279) and received an average PPP loan of $672,326 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 5,585 businesses in the "Special Needs Transportation" industry received a total of $315.03M 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 8 employees, 97% lower than OWL Inc's reported 279 employees, and received an average PPP loan of $56,406, 97% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for OWL Inc
FL

OWL Inc

Entity: Corporation

Industry: Taxi Service

Location: Saint Johns, FL

Search All PPP Data

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 veteran owned business, and employed at least 464 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1645047106

Loan Size:

$3.38M

Jobs Retained:

464

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

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.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, OWL Inc's 2019 payroll expenses are estimated to be at least $16.23M.

Based on their reported 464 jobs retained, this equals an estimated average yearly compensation of $34,986 per employee1

Reported PPP Proceed Usage:

On the PPP application, OWL Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,382,000
Because the loan received by OWL 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 - OWL Inc in Saint Johns, FL

OWL Inc
87 Coles Ct
Saint Johns, FL 32259

Business Industry:
Taxi Service
NAICS code 485310

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Saint Johns County, FL — SBA Office 0491 — Congressional District: FL-04

Similar Companies near Saint Johns

In the Saint Johns area, 32 businesses in the "Taxi Service" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 464) and received an average PPP loan of $115,235 (compared to this company's $3.38M).

Industry PPP Comparison Statistics

Nationwide, 251,000 businesses in the "Taxi Service" industry received a total of $2.94B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 1 employees, 100% lower than OWL Inc's reported 464 employees, and received an average PPP loan of $11,717, 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, 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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/owl-inc-saint-johns-fl