PPP Loan Data — Four Seasons Seamless Gutters Company DBA None, Milford, OH
Four Seasons Seamless Gutters Company DBA None is a sole proprietorship located at 5591 Plum Run in Milford, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Four Seasons Seamless Gutters Company DBA None in Milford, OH received a Paycheck Protection Loan of $25,000 through Fifth Third 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, Four Seasons Seamless Gutters Company DBA None's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Four Seasons Seamless Gutters Company DBA None reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Four Seasons Seamless Gutters Company DBA None in Milford, OH
5591 Plum Run
Milford, OH 45150
NAICS code 444110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,151 businesses in the "Home Centers" industry received a total of $435M 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 15 employees, 650% higher than Four Seasons Seamless Gutters Company DBA None's reported 2 employees, and received an average PPP loan of $138,053, 452% higher than this company's loan of $25,000.
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Footnotes & Information
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