PPP Loan Data — JYG Innovations LLC, Dayton, OH
JYG Innovations LLC is a limited liability company (LLC) located at 6450 Poe Ave in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,750,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
JYG Innovations LLC in Dayton, OH received a Paycheck Protection Loan of $1.75M through KeyBank National Association, which was approved in April, 2020.
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, JYG Innovations LLC's 2019 payroll expenses are estimated to be at least $8.4M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $62,222 per employee1
Reported PPP Proceed Usage:
On the PPP application, JYG Innovations LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,750,000
Business Information - JYG Innovations LLC in Dayton, OH
6450 Poe Ave
Dayton, OH 45414
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dayton
In the Dayton area, 4 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 135) and received an average PPP loan of $523,112 (compared to this company's $1.75M).
Similar Nearby Businesses Who Received PPP Funding:
K.w. Burris Consulting, LLC
Automation Systems And Design Inc
Pedtke Consulting LLC
Industry PPP Comparison Statistics
Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B 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, 93% lower than JYG Innovations LLC's reported 135 employees, and received an average PPP loan of $138,748, 92% lower than this company's loan of $1.75M.
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Footnotes & Information
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