PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Gkth Enterprises LLC, Cincinnati, OH

ALERT: There are 2 PPP loans for a total of $365,482 in our database for businesses with the name "Gkth Enterprises LLC" in Cincinnati, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Gkth Enterprises LLC

FRANCHISE

OH

Gkth Enterprises LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Franchise: Brixx Wood Fired Pizza

Location: Cincinnati, OH

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Gkth Enterprises LLC is a limited liability company (LLC) located at 3825 Edwards Rd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $158,182.00 in January, 2021. This business is a Brixx Wood Fired Pizza franchise.

$ PPP Loan Information
Loan #9461258304

Loan Size:

$158,182

Jobs Retained:

35

Loan Approved:

2021-01-30

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

Gkth Enterprises LLC in Cincinnati, OH received a Paycheck Protection Loan of $158,182 through PNC Bank, National Association, which was approved in January, 2021.

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 More
Understanding 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 More

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, Gkth Enterprises LLC's 2019 payroll expenses are estimated to be at least $759,274.

Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $21,694 per employee1

Reported PPP Proceed Usage:

On the PPP application, Gkth Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $158,177
  • Utilities: $1

Business Information - Gkth Enterprises LLC in Cincinnati, OH

Gkth Enterprises LLC
3825 Edwards Rd
Cincinnati, OH 45209

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hamilton County, OH — SBA Office 0593 — Congressional District: OH-02

Similar Companies near Cincinnati

In the Cincinnati area, 84 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 35) and received an average PPP loan of $216,076 (compared to this company's $158,182).

Industry PPP Comparison Statistics

Nationwide, 309,144 businesses in the "Full-Service Restaurants" industry received a total of $40.98B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 6% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 34% lower than Gkth Enterprises LLC's reported 35 employees, and received an average PPP loan of $132,556, 16% lower than this company's loan of $158,182.

SBA PPP loan data, payroll data, and salaries for Gkth Enterprises LLC
OH

Gkth Enterprises LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Cincinnati, OH

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Gkth Enterprises LLC is a limited liability company (LLC) located at 3825 Edwards Road Ste 200 in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $207,300.00 in April, 2020.

$ PPP Loan Information
Loan #4158747100

Loan Size:

$207,300

Jobs Retained:

70

Loan Approved:

2020-04-12

Loan Status:

Paid in Full or Forgiven

Lender:

PNC Bank, National Association

Gkth Enterprises LLC in Cincinnati, OH received a Paycheck Protection Loan of $207,300 through PNC Bank, National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.

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 More
Understanding 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 More

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, Gkth Enterprises LLC's 2019 payroll expenses are estimated to be at least $995,040.

Based on their reported 70 jobs retained, this equals an estimated average yearly compensation of $14,215 per employee1

Reported PPP Proceed Usage:

On the PPP application, Gkth Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $207,300

Business Information - Gkth Enterprises LLC in Cincinnati, OH

Gkth Enterprises LLC
3825 Edwards Road Ste 200
Cincinnati, OH 45209

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hamilton County, OH — SBA Office 0593 — Congressional District: OH-02

Similar Companies near Cincinnati

In the Cincinnati area, 30 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 70) and received an average PPP loan of $380,658 (compared to this company's $207,300).

Industry PPP Comparison Statistics

Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 84% lower than Gkth Enterprises LLC's reported 70 employees, and received an average PPP loan of $123,474, 40% lower than this company's loan of $207,300.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/gkth-enterprises-llc-cincinnati-oh