PPP Loan Data — Catawba-Cleveland Development Corp, Port Clinton, OH
Catawba-Cleveland Development Corp is a corporation located at 4235 Beachclub Rd in Port Clinton, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,554,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Catawba-Cleveland Development Corp in Port Clinton, OH received a Paycheck Protection Loan of $1.55M through Civista Bank, which was approved in April, 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 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, Catawba-Cleveland Development Corp's 2019 payroll expenses are estimated to be at least $7.46M.
Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $70,379 per employee1
Reported PPP Proceed Usage:
On the PPP application, Catawba-Cleveland Development Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,240,200
- Utilities: $92,000
- Mortgage Interest: $145,000
- Rent: $70,000
- Debt Interest: $7,000
Business Information - Catawba-Cleveland Development Corp in Port Clinton, OH
4235 Beachclub Rd
Port Clinton, OH 43452
Golf Courses and Country Clubs
NAICS code 713910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 9,352 businesses in the "Golf Courses and Country Clubs" industry received a total of $1.3B 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 28 employees, 74% lower than Catawba-Cleveland Development Corp's reported 106 employees, and received an average PPP loan of $139,292, 91% lower than this company's loan of $1.55M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!