PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — ASW Global LLC, Mogadore, OH

ALERT: There are 2 PPP loans for a total of $3.07M in our database for businesses with the name "ASW Global LLC" in Mogadore, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for ASW Global LLC
OH

ASW Global LLC

Entity: Limited Liability Company (LLC)

Industry: General Warehousing and Storage

Location: Mogadore, OH

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ASW Global LLC is a limited liability company (LLC) located at 3375 Gilchrist Rd in Mogadore, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,578,795.00 in January, 2021.

The company has reported itself as a Black or african american male veteran owned business, and employed at least 105 people during the applicable loan loan period.

$ PPP Loan Information
Loan #7248138305

Loan Size:

$1.58M

Jobs Retained:

105

Loan Approved:

2021-01-28

Loan Status:

Ongoing Loan

Lender:

The Huntington National Bank

ASW Global LLC in Mogadore, OH received a Paycheck Protection Loan of $1.58M through The Huntington National Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, ASW Global LLC's 2019 payroll expenses are estimated to be at least $7.58M.

Based on their reported 105 jobs retained, this equals an estimated average yearly compensation of $72,173 per employee1

Reported PPP Proceed Usage:

On the PPP application, ASW Global LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,578,789
  • Utilities: $1

Business Information - ASW Global LLC in Mogadore, OH

ASW Global LLC
3375 Gilchrist Rd
Mogadore, OH 44260

Business Industry:
General Warehousing and Storage
NAICS code 493110

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Summit County, OH — SBA Office 0549 — Congressional District: OH-13

Industry PPP Comparison Statistics

Nationwide, 4,995 businesses in the "General Warehousing and Storage" industry received a total of $771.67M 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 17 employees, 84% lower than ASW Global LLC's reported 105 employees, and received an average PPP loan of $154,488, 90% lower than this company's loan of $1.58M.

SBA PPP loan data, payroll data, and salaries for ASW Global, LLC
OH

ASW Global, LLC

Entity: Limited Liability Company (LLC)

Industry: Process, Physical Distribution, and Logistics Consulting Services

Location: Mogadore, OH

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ASW Global, LLC is a limited liability company (LLC) located at 3375 Gilcrest Road in Mogadore, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,487,500.00 in April, 2020.

The company has reported itself as a Black or african american male veteran owned business, and employed at least 103 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5038977001

Loan Size:

$1.49M

Jobs Retained:

103

Loan Approved:

2020-04-04

Loan Status:

Ongoing Loan

Lender:

The Huntington National Bank

ASW Global, LLC in Mogadore, OH received a Paycheck Protection Loan of $1.49M through The Huntington National Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, ASW Global, LLC's 2019 payroll expenses are estimated to be at least $7.14M.

Based on their reported 103 jobs retained, this equals an estimated average yearly compensation of $69,320 per employee1

Reported PPP Proceed Usage:

On the PPP application, ASW Global, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,487,500

Business Information - ASW Global, LLC in Mogadore, OH

ASW Global, LLC
3375 Gilcrest Road
Mogadore, OH 44260

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Portage County, OH — SBA Office 0549 — Congressional District: OH-16

Industry PPP Comparison Statistics

Nationwide, 10,517 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $920.57M 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 8 employees, 92% lower than ASW Global, LLC's reported 103 employees, and received an average PPP loan of $87,532, 94% lower than this company's loan of $1.49M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/asw-global-llc-mogadore-oh