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PPP Loan Data — ASI Services, LLC, Cincinnati, OH

SBA PPP loan data, payroll data, and salaries for ASI Services, LLC
OH

ASI Services, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Support Services

Location: Cincinnati, OH

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ASI Services, LLC is a limited liability company (LLC) located at 9435 Waterstone Blvd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,786,094.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.79M

Jobs Retained:

282

Loan Approved:

2020-04-09

Lender:

S & T BANK

ASI Services, LLC in Cincinnati, OH received a Paycheck Protection Loan of $2.79M through S & T BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, ASI Services, LLC's total 2019 payroll expenses were approximately $13.37M in order to qualify for the PPP loan amount received.

Based on their reported 282 jobs retained, this equals an estimated average yearly compensation of $47,423 per employee1.

Because the loan received by ASI Services, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - ASI Services, LLC in Cincinnati, OH

ASI Services, LLC
9435 Waterstone Blvd
Cincinnati, OH 45249

Business Industry

All Other Support Services (NAICS code 561990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-01

Similar Companies near Cincinnati

In the Cincinnati area, 5 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 282) and received an average PPP loan of $600,390 (compared to this company's $2.79M).

Industry PPP Comparison Statistics

Nationwide, 26,446 businesses in the "All Other Support Services" industry received a total of $1,388,180,245.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 98% lower than ASI Services, LLC's reported 282 employees, and received an average PPP loan of $52,491, 98% lower than this company's loan of $2.79M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/asi-services-llc-cincinnati-oh