PPP Loan Data — Special Order Solutions Inc, Deltona, FL
Special Order Solutions Inc is a corporation located at 919 Fallbrooke Ave in Deltona, Florida that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Special Order Solutions Inc in Deltona, FL received a Paycheck Protection Loan of $47,100 through Fairwinds CU, which was approved in January, 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, Special Order Solutions Inc's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,608 per employee1
Reported PPP Proceed Usage:
On the PPP application, Special Order Solutions Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,099
- Utilities: $1
Business Information - Special Order Solutions Inc in Deltona, FL
919 Fallbrooke Ave
Deltona, FL 32725
Painting and Wall Covering Contractors
NAICS code 238320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Deltona
In the Deltona area, 23 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 10) and received an average PPP loan of $24,925 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
Lake Commercial Services
OCD Painting And Flooring, Inc
LG Master Painting, LLC
Alan L Totten
Pasch Painting LLC
Heritage Painting Of Central Florida Inc
MDZ Professional Painting
Industry PPP Comparison Statistics
Nationwide, 50,571 businesses in the "Painting and Wall Covering Contractors" industry received a total of $2.46B 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 5 employees, 50% lower than Special Order Solutions Inc's reported 10 employees, and received an average PPP loan of $48,668, 3% higher than this company's loan of $47,100.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!