PPP Loan Data — Harder Industries, LLC, Norwood, OH
Harder Industries, LLC is a limited liability company (LLC) located at 4426 Montgomery Rd in Norwood, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,451.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Harder Industries, LLC in Norwood, OH received a Paycheck Protection Loan of $25,451 through U.S. Bank, National Association, which was approved in May, 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 April, 2021.
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, Harder Industries, LLC's 2019 payroll expenses are estimated to be at least $122,165.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,397 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harder Industries, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,451
Business Information - Harder Industries, LLC in Norwood, OH
4426 Montgomery Rd
Norwood, OH 45212
NAICS code 999990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Norwood
In the Norwood area, 14 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 13) and received an average PPP loan of $51,701 (compared to this company's $25,451).
Similar Nearby Businesses Who Received PPP Funding:
L.a. Russo, LTD
PAC Solutions LLC
L2 Source, LLC
Michael A Williams & Associates, LLC
RNR Partners 1, LLC
ATI Solutions LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 23% lower than Harder Industries, LLC's reported 13 employees, and received an average PPP loan of $42,878, 68% higher than this company's loan of $25,451.
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Footnotes & Information
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