PPP Loan Data — Simar 27509, Inc, Orlando, FL
Simar 27509, Inc is a subchapter s corporation located at 6100 Apopka Vineland Rd in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in May, 2020. This business is a 7-Eleven, Inc - Individual Store Franchise Agreement franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Simar 27509, Inc in Orlando, FL received a Paycheck Protection Loan of $47,100 through Busey Bank, which was approved in May, 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 June, 2021.
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, Simar 27509, Inc's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $28,260 per employee1
Reported PPP Proceed Usage:
On the PPP application, Simar 27509, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,325
- Rent: $11,775
Business Information - Simar 27509, Inc in Orlando, FL
6100 Apopka Vineland Rd
Orlando, FL 32819
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 24 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 8) and received an average PPP loan of $29,876 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
Sak1 Enterprise LLC
Number Five Inc
Eat & Sip, Inc
Credence Powers Citgo Inc
Wpdp Enterprises, Inc
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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 10 employees, 25% higher than Simar 27509, Inc's reported 8 employees, and received an average PPP loan of $45,821, 3% lower than this company's loan of $47,100.
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Footnotes & Information
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