FederalPay.org
PPP Loan Data — OWL Inc,
Saint Johns, 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:
Jobs Retained:
279Loan Approved:
2021-03-12Loan Status:
Ongoing LoanLender:
South State Bank, National AssociationOWL 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 MoreUnderstanding 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 MoreBased 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
Business Information - OWL Inc in Saint Johns, FL
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
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).
Similar Nearby Businesses Who Received PPP Funding:
Way Forward Inc
St Johns, FL
Roman Ventresca
Jacksonville, FL
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.
OWL Inc
Entity: Corporation
Industry: Taxi Service
Location: Saint Johns, FL
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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:
Jobs Retained:
464Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
South State Bank, National AssociationOWL 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 MoreUnderstanding 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 MoreBased 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
Business Information - OWL Inc in Saint Johns, FL
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
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).
Similar Nearby Businesses Who Received PPP Funding:
Melissa Ayala
Jacksonville, FL
Sylather Collins
Jacksonville, FL
James Platteborze
Jacksonville, FL
Daniel Barrios
Jacksonville, FL
Juan Rodriguez
Jacksonville, FL
Juan C Vilchez Montiel
Jacksonville, FL
Terrance Chatman
Jacksonville, FL
Francisco Rodriguez
Jacksonville, FL
Carnes Augusme
Jacksonville, FL
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.
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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