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PPP Loan Data — Oxygen Development LLC,
Palm Springs, FL
Oxygen Development LLC
Entity: Corporation
Industry: Toilet Preparation Manufacturing
Location: Palm Springs, FL
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Oxygen Development LLC is a corporation located at 1525 S Congress Ave in Palm Springs, Florida that received a Coronavirus-related PPP loan from the SBA of $3,125,000.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
217Loan Approved:
2020-05-01Lender:
FIFTH THIRD BANKOxygen Development LLC received a Paycheck Protection Loan of $3.13M through FIFTH THIRD BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Oxygen Development LLC's total 2019 payroll expenses were approximately $15M in order to qualify for the PPP loan amount received.
Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $69,124 per employee1.
Business Information - Oxygen Development LLC in Palm Springs, FL
1525 S Congress Ave
Palm Springs, FL 33406
Business Industry
Toilet Preparation Manufacturing (NAICS code 325620)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-21Industry PPP Comparison Statistics
Nationwide, 771 businesses in the "Toilet Preparation Manufacturing" industry received a total of $246,227,574.00 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 25 employees, 88% lower than Oxygen Development LLC's reported 217 employees, and received an average PPP loan of $319,361, 90% lower than this company's loan of $3.13M.
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.
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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