PPP Loan Data — Fakra Inc, Columbus, OH
Fakra Inc is a corporation located at 15 E Frambes Ave in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,250.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Fakra Inc in Columbus, OH received a Paycheck Protection Loan of $25,250 through Quontic Bank, which was approved in May, 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, Fakra Inc's 2019 payroll expenses are estimated to be at least $121,200.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fakra Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,250
Business Information - Fakra Inc in Columbus, OH
15 E Frambes Ave
Columbus, OH 43201
Theater Companies and Dinner Theaters
NAICS code 711110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Columbus
In the Columbus area, 2 businesses in the "Theater Companies and Dinner Theaters" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $36,875 (compared to this company's $25,250).
Similar Nearby Businesses Who Received PPP Funding:
Short North Stage Inc
Industry PPP Comparison Statistics
Nationwide, 6,585 businesses in the "Theater Companies and Dinner Theaters" industry received a total of $649.55M 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 16 employees, 220% higher than Fakra Inc's reported 5 employees, and received an average PPP loan of $98,641, 291% higher than this company's loan of $25,250.
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