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PPP Loan Data — Countryside Rentals Inc, Bainbridge, OH

SBA PPP loan data, payroll data, and salaries for Countryside Rentals Inc
OH

Countryside Rentals Inc

Entity: Subchapter S Corporation

Industry: All Other General Merchandise Stores

Location: Bainbridge, OH

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Countryside Rentals Inc is a subchapter s corporation located at 210 S Quarry St in Bainbridge, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,809,584.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.81M

Jobs Retained:

358

Loan Approved:

2020-04-06

Lender:

THE MERCHANTS NATIONAL BANK

Countryside Rentals Inc in Bainbridge, OH received a Paycheck Protection Loan of $3.81M through THE MERCHANTS NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Countryside Rentals Inc's total 2019 payroll expenses were approximately $18.29M in order to qualify for the PPP loan amount received.

Based on their reported 358 jobs retained, this equals an estimated average yearly compensation of $51,078 per employee1.

Because the loan received by Countryside Rentals Inc 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 - Countryside Rentals Inc in Bainbridge, OH

Countryside Rentals Inc
210 S Quarry St
Bainbridge, OH 45612

Business Industry

All Other General Merchandise Stores (NAICS code 452319)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-02

Industry PPP Comparison Statistics

Nationwide, 4,755 businesses in the "All Other General Merchandise Stores" industry received a total of $209,080,604.00 in PPP loans. These businesses account for 0% 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 Countryside Rentals Inc's reported 358 employees, and received an average PPP loan of $43,971, 99% lower than this company's loan of $3.81M.

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/countryside-rentals-inc-bainbridge-oh