PPP Loan Data — Dickman Supply Inc, Sidney, OH
Dickman Supply Inc
Entity: Subchapter S Corporation
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Sidney, OHTweet This • Search All PPP Data
Dickman Supply Inc is a subchapter s corporation located at 1991 Saint Marys Rd in Sidney, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,262,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Dickman Supply Inc in Sidney, OH received a Paycheck Protection Loan of $2.26M through PNC Bank, National Association, which was approved in April, 2020.
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, Dickman Supply Inc's 2019 payroll expenses are estimated to be at least $10.86M.
Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $57,463 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dickman Supply Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,262,600
Business Information - Dickman Supply Inc in Sidney, OH
1991 Saint Marys Rd
Sidney, OH 45365
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
NAICS code 423610
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, 7,686 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $1.31B 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 14 employees, 93% lower than Dickman Supply Inc's reported 189 employees, and received an average PPP loan of $170,366, 92% lower than this company's loan of $2.26M.
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Footnotes & Information
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