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PPP Loan Data — Goken America LLC,
Dublin, OH
Goken America LLC
Entity: Limited Liability Company (LLC)
Industry: Administrative Management and General Management Consulting Services
Location: Dublin, OH
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Goken America LLC is a limited liability company (LLC) located at 5100 Parkcenter Ave in Dublin, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 199 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3361388510
Loan Size:
Jobs Retained:
199Loan Approved:
2021-02-23Loan Status:
Paid in Full or ForgivenLender:
The Huntington National BankGoken America LLC in Dublin, OH received a Paycheck Protection Loan of $2M through The Huntington National Bank, which was approved in February, 2021.
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 January, 2022.
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, Goken America LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 199 jobs retained, this equals an estimated average yearly compensation of $48,241 per employee1
Reported PPP Proceed Usage:
On the PPP application, Goken America LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Goken America LLC in Dublin, OH
5100 Parkcenter Ave
Dublin, OH 43017
Business Industry:
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Dublin
In the Dublin area, 60 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 199) and received an average PPP loan of $70,953 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
The Knockout Empire LLC
Dublin, OH
ETP Resources, LLC
Dublin, OH
James Bush
Dublin, OH
Patinformatics LLC
Dublin, OH
Todd Crawford
Dublin, OH
Consolidatedfinancial Management Group, LLC
Dublin, OH
Blueprint 57 LLC
Dublin, OH
Clemans, Nelson & Associates, Inc
Dublin, OH
Oztech Incorporated
Dublin, OH
Industry PPP Comparison Statistics
Nationwide, 92,456 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.45B 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 5 employees, 97% lower than Goken America LLC's reported 199 employees, and received an average PPP loan of $58,893, 97% lower than this company's loan of $2M.
Goken America, LLC
Entity: Limited Liability Company (LLC)
Industry: Engineering Services
Location: Dublin, OH
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Goken America, LLC is a limited liability company (LLC) located at 5100 Parkcenter Ave in Dublin, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,332,049.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 199 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4775777104
Loan Size:
Jobs Retained:
199Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
The Huntington National BankGoken America, LLC in Dublin, OH received a Paycheck Protection Loan of $4.33M through The Huntington National Bank, 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 August, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 199 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 208. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Goken America, LLC's 2019 payroll expenses are estimated to be at least $20.79M (not accounting for salary amounts > $100k).
Because the 199 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Goken America, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,332,049
Business Information - Goken America, LLC in Dublin, OH
5100 Parkcenter Ave
Dublin, OH 43017
Business Industry:
Engineering Services
NAICS code 541330
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Dublin
In the Dublin area, 30 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 199) and received an average PPP loan of $581,960 (compared to this company's $4.33M).
Similar Nearby Businesses Who Received PPP Funding:
L&R Technologies, LLC
Dublin, OH
Tebbe Civil Engineering LLC
Dublin, OH
Carr Engineering Inc
Dublin, OH
HBK Consultants LTD
Dublin, OH
Gary Lukasik
Dublin, OH
Blaeser Engineering Services Inc
Dublin, OH
Guild Associates, Inc
Dublin, OH
Carpenter & Cross LLC Carpenter & Cross LLC
Dublin, OH
Blue Heron Engineering Services, LTD
Dublin, OH
Industry PPP Comparison Statistics
Nationwide, 46,524 businesses in the "Engineering Services" industry received a total of $9.16B 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 13 employees, 93% lower than Goken America, LLC's reported 199 employees, and received an average PPP loan of $196,828, 95% lower than this company's loan of $4.33M.
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.
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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