PPP Loan Data — Germain On Sawmill, LLC, Dublin, OH
Germain On Sawmill, LLC is a limited liability company (LLC) located at 6707 Sawmill Rd, 0.0 in Dublin, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,664,615.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Germain On Sawmill, LLC in Dublin, OH received a Paycheck Protection Loan of $2.66M through JPMorgan Chase 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, Germain On Sawmill, LLC's 2019 payroll expenses are estimated to be at least $12.79M.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $66,615 per employee1
Reported PPP Proceed Usage:
On the PPP application, Germain On Sawmill, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,025,873
- Utilities: $37,437
- Rent: $271,289
- Health Care: $170,880
- Debt Interest: $159,136
Business Information - Germain On Sawmill, LLC in Dublin, OH
6707 Sawmill Rd, 0.0
Dublin, OH 43017
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dublin
In the Dublin area, 9 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 192) and received an average PPP loan of $1,316,887 (compared to this company's $2.66M).
Similar Nearby Businesses Who Received PPP Funding:
Crown Chrysler Jeep, Inc
Crown Motor Company Inc
Capitol Cadillac LLC
Century Motors Of Columbus, Inc
Tansky Sales, Inc
Infiniti Of Columbus, LLC
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 73% lower than Germain On Sawmill, LLC's reported 192 employees, and received an average PPP loan of $618,860, 77% lower than this company's loan of $2.66M.
FederalPay's PPP Information Policy
Footnotes & Information
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