PPP Loan Data — Eastside Palmetto, LLC, Hilliard, OH
Eastside Palmetto, LLC is a limited liability company (LLC) located at 4093 Leap Rd in Hilliard, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as an Asian female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Eastside Palmetto, LLC in Hilliard, OH received a Paycheck Protection Loan of $25,000 through The Huntington National Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Eastside Palmetto, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eastside Palmetto, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Utilities: $25,000
Business Information - Eastside Palmetto, LLC in Hilliard, OH
4093 Leap Rd
Hilliard, OH 43026
NAICS code 999990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hilliard
In the Hilliard area, 19 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 3) and received an average PPP loan of $46,865 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
DEV Ganesh, LLC
Habaneros Fresh Mexican Grill
The Empire Collection LLC
Heritage West Group, LLC
Elite Business Ventures LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 233% higher than Eastside Palmetto, LLC's reported 3 employees, and received an average PPP loan of $42,878, 72% higher than this company's loan of $25,000.
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Footnotes & Information
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