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PPP Loan Data — Graeter's Ice Cream Company, Cincinnati, OH

SBA PPP loan data, payroll data, and salaries for Graeter's Ice Cream Company
OH

Graeter's Ice Cream Company

Entity: Limited Liability Company (LLC)

Industry: Snack and Nonalcoholic Beverage Bars

Location: Cincinnati, OH

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Graeter's Ice Cream Company is a limited liability company (LLC) located at 1175 Regina Graeter Way in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,007,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.01M

Jobs Retained:

500

Loan Approved:

2020-04-13

Lender:

PNC BANK, NATIONAL ASSOCIATION

Graeter's Ice Cream Company in Cincinnati, OH received a Paycheck Protection Loan of $4.01M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Graeter's Ice Cream Company's total 2019 payroll expenses were approximately $19.24M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $38,476 per employee1.

Because the loan received by Graeter's Ice Cream Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Graeter's Ice Cream Company in Cincinnati, OH

Graeter's Ice Cream Company
1175 Regina Graeter Way
Cincinnati, OH 45216

Business Industry

Snack and Nonalcoholic Beverage Bars (NAICS code 722515)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-01

Industry PPP Comparison Statistics

Nationwide, 13,677 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $740,265,347.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 98% lower than Graeter's Ice Cream Company's reported 500 employees, and received an average PPP loan of $54,125, 99% lower than this company's loan of $4.01M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/graeters-ice-cream-company-cincinnati-oh