PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Kettering Glass Inc, Kettering, OH

ALERT: There are 2 PPP loans for a total of $91,300 in our database for businesses with the name "Kettering Glass Inc" in Kettering, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Kettering Glass Inc
OH

Kettering Glass Inc

Entity: Subchapter S Corporation

Industry: Glass and Glazing Contractors

Location: Kettering, OH

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Kettering Glass Inc is a subchapter s corporation located at 1720 E David Rd in Kettering, Ohio that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in January, 2021.

$ PPP Loan Information
Loan #8735818310

Loan Size:

$46,300

Jobs Retained:

5

Loan Approved:

2021-01-30

Loan Status:

Ongoing Loan

Lender:

First Financial Bank

Kettering Glass Inc in Kettering, OH received a Paycheck Protection Loan of $46,300 through First Financial Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, Kettering Glass Inc's 2019 payroll expenses are estimated to be at least $222,240.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,448 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kettering Glass Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,298
  • Utilities: $1

Business Information - Kettering Glass Inc in Kettering, OH

Kettering Glass Inc
1720 E David Rd
Kettering, OH 45440

Business Industry:
Glass and Glazing Contractors
NAICS code 238150

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Montgomery County, OH — SBA Office 0593 — Congressional District: OH-10

Industry PPP Comparison Statistics

Nationwide, 7,547 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B 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 12 employees, 140% higher than Kettering Glass Inc's reported 5 employees, and received an average PPP loan of $142,027, 207% higher than this company's loan of $46,300.

SBA PPP loan data, payroll data, and salaries for Kettering Glass, Inc
OH

Kettering Glass, Inc

Entity: Subchapter S Corporation

Industry: Other Building Material Dealers

Location: Kettering, OH

Search All PPP Data

Kettering Glass, Inc is a subchapter s corporation located at 1720 E David Rd in Kettering, Ohio that received a Coronavirus-related PPP loan from the SBA of $45,000.00 in May, 2020.

$ PPP Loan Information
Loan #2943757709

Loan Size:

$45,000

Jobs Retained:

5

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Kettering Glass, Inc in Kettering, OH received a Paycheck Protection Loan of $45,000 through JPMorgan Chase 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 May, 2021.

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 More
Understanding 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 More

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, Kettering Glass, Inc's 2019 payroll expenses are estimated to be at least $216,000.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $43,200 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kettering Glass, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $37,000
  • Utilities: $1,000
  • Rent: $1,944
  • Health Care: $5,056

Business Information - Kettering Glass, Inc in Kettering, OH

Kettering Glass, Inc
1720 E David Rd
Kettering, OH 45440

Business Industry:
Other Building Material Dealers
NAICS code 444190

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Montgomery County, OH — SBA Office 0593 — Congressional District: OH-10

Industry PPP Comparison Statistics

Nationwide, 11,057 businesses in the "Other Building Material Dealers" industry received a total of $1.4B 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 12 employees, 140% higher than Kettering Glass, Inc's reported 5 employees, and received an average PPP loan of $126,460, 181% higher than this company's loan of $45,000.

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.

Search FederalPay's Full PPP Loan Database

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.


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Source: www.federalpay.org/paycheck-protection-program/kettering-glass-inc-kettering-oh