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PPP Loan Data — Fleetshare Pro LLC,
Cincinnati, OH
Fleetshare Pro LLC
Entity: Limited Liability Company (LLC)
Industry: Process, Physical Distribution, and Logistics Consulting Services
Location: Cincinnati, OH
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Fleetshare Pro LLC is a limited liability company (LLC) located at 9891 Montgomery Rd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $22,800.00 in May, 2020.
The company has reported itself as a Black or african american female owned business, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #7595097707
Loan Size:
Jobs Retained:
4Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
PNC Bank, National AssociationFleetshare Pro LLC in Cincinnati, OH received a Paycheck Protection Loan of $22,800 through PNC Bank, National Association, which was approved in May, 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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Fleetshare Pro LLC's 2019 payroll expenses are estimated to be at least $109,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $27,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fleetshare Pro LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,800
Business Information - Fleetshare Pro LLC in Cincinnati, OH
9891 Montgomery Rd
Cincinnati, OH 45242
Business Industry:
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Fleetshare Pro LLC.
Cincyticket LLC
Custom Computer Programming Services
Cincyticket LLC
Unclassified Establishments
Similar Companies near Cincinnati
In the Cincinnati area, 11 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 4) and received an average PPP loan of $724,727 (compared to this company's $22,800).
Similar Nearby Businesses Who Received PPP Funding:
Tytek Industries Inc
Cincinnati, OH
FCM LLC
Cincinnati, OH
Infrastructure Management And Engineering Inc
Cincinnati, OH
Mamoudou Ouedraogo
Cincinnati, OH
New Era Logistics Inc
Blue Ash, OH
New Growth Advisors, Inc
Cincinnati, OH
Caruso, Inc
Cincinnati, OH
Holly Jones
Cincinnati, OH
Industry PPP Comparison Statistics
Nationwide, 10,174 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $912.64M 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 8 employees, 100% higher than Fleetshare Pro LLC's reported 4 employees, and received an average PPP loan of $89,703, 293% higher than this company's loan of $22,800.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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