PPP Loan Data — Ditto Sales Inc, Jasper, IN
Ditto Sales Inc is a corporation located at 2332 Cathy Lane in Jasper, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,893,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 187 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Old National Bank
Ditto Sales Inc in Jasper, IN received a Paycheck Protection Loan of $1.89M through Old National Bank, 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, Ditto Sales Inc's 2019 payroll expenses are estimated to be at least $9.09M.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $48,590 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ditto Sales Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,893,000
Business Information - Ditto Sales Inc in Jasper, IN
2332 Cathy Lane
Jasper, IN 47546
Office Furniture (except Wood) Manufacturing
NAICS code 337214
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Jasper
In the Jasper area, 3 businesses in the "Office Furniture (except Wood) Manufacturing" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 187) and received an average PPP loan of $1,300,233 (compared to this company's $1.89M).
Similar Nearby Businesses Who Received PPP Funding:
L.u.i. Plus, LLC
Industry PPP Comparison Statistics
Nationwide, 704 businesses in the "Office Furniture (except Wood) Manufacturing" industry received a total of $165.57M 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 21 employees, 89% lower than Ditto Sales Inc's reported 187 employees, and received an average PPP loan of $235,191, 88% lower than this company's loan of $1.89M.
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Footnotes & Information
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