PPP Loan Data — Phillips Enterprises Of Orlando, LLC, Orlando, FL
Phillips Enterprises Of Orlando, LLC is a limited liability company (LLC) located at 200 N Thornton Ave in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Newtek Small Business Finance, Inc.
Phillips Enterprises Of Orlando, LLC in Orlando, FL received a Paycheck Protection Loan of $24,900 through Newtek Small Business Finance, Inc., 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, Phillips Enterprises Of Orlando, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $9,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Phillips Enterprises Of Orlando, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Phillips Enterprises Of Orlando, LLC in Orlando, FL
200 N Thornton Ave
Orlando, FL 32801
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Phillips Enterprises Of Orlando, LLC's reported 12 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $24,900.
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Footnotes & Information
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