PPP Loan Data — Dynalab, Inc, Reynoldsburg, OH
Location: Reynoldsburg, OHTweet This • Search All PPP Data
Dynalab, Inc is a corporation located at 655 Lancaster Ave in Reynoldsburg, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,157,626.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Dynalab, Inc in Reynoldsburg, OH received a Paycheck Protection Loan of $2.16M through Fifth Third 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, Dynalab, Inc's 2019 payroll expenses are estimated to be at least $10.36M.
Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $38,935 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dynalab, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,157,626
Business Information - Dynalab, Inc in Reynoldsburg, OH
655 Lancaster Ave
Reynoldsburg, OH 43068
Printed Circuit Assembly (Electronic Assembly) Manufacturing
NAICS code 334418
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 908 businesses in the "Printed Circuit Assembly (Electronic Assembly) Manufacturing" industry received a total of $317.43M 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 32 employees, 88% lower than Dynalab, Inc's reported 266 employees, and received an average PPP loan of $349,590, 84% lower than this company's loan of $2.16M.
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Footnotes & Information
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