PPP Loan Data — Fresh Products LLC, Perrysburg, OH
Fresh Products LLC is a limited liability company (LLC) located at 30600 Oregon Rd in Perrysburg, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,318,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Fresh Products LLC in Perrysburg, OH received a Paycheck Protection Loan of $2.32M through PNC Bank, National Association, 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, Fresh Products LLC's 2019 payroll expenses are estimated to be at least $11.13M.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $54,287 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fresh Products LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,318,500
Business Information - Fresh Products LLC in Perrysburg, OH
30600 Oregon Rd
Perrysburg, OH 43551
Polish and Other Sanitation Good Manufacturing
NAICS code 325612
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Perrysburg
In the Perrysburg area, 2 businesses in the "Polish and Other Sanitation Good Manufacturing" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 205) and received an average PPP loan of $1,185,500 (compared to this company's $2.32M).
Similar Nearby Businesses Who Received PPP Funding:
Finale Products Inc
Industry PPP Comparison Statistics
Nationwide, 693 businesses in the "Polish and Other Sanitation Good Manufacturing" industry received a total of $94.39M 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 14 employees, 93% lower than Fresh Products LLC's reported 205 employees, and received an average PPP loan of $136,202, 94% lower than this company's loan of $2.32M.
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Footnotes & Information
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