PPP Loan Data — Honeymoon Paper Products, Inc, Fairfield, OH
Honeymoon Paper Products, Inc is a corporation located at 7100 Dixie Highway in Fairfield, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,640,600.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 149 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:MetaBank, National Association
Honeymoon Paper Products, Inc in Fairfield, OH received a Paycheck Protection Loan of $1.64M through MetaBank, 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 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, Honeymoon Paper Products, Inc's 2019 payroll expenses are estimated to be at least $7.87M.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $52,852 per employee1
Reported PPP Proceed Usage:
On the PPP application, Honeymoon Paper Products, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,640,600
Business Information - Honeymoon Paper Products, Inc in Fairfield, OH
7100 Dixie Highway
Fairfield, OH 45014
Folding Paperboard Box Manufacturing
NAICS code 322212
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 244 businesses in the "Folding Paperboard Box Manufacturing" industry received a total of $145.9M 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 51 employees, 66% lower than Honeymoon Paper Products, Inc's reported 149 employees, and received an average PPP loan of $597,971, 64% lower than this company's loan of $1.64M.
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Footnotes & Information
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