PPP Loan Data — Leppo, Inc, Kent, OH
Entity: Subchapter S Corporation
Location: Kent, OHTweet This • Search All PPP Data
Leppo, Inc is a subchapter s corporation located at 826 Overholt Rd in Kent, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,896,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 199 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Leppo, Inc in Kent, OH received a Paycheck Protection Loan of $2.9M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Leppo, Inc's total 2019 payroll expenses were approximately $13.91M in order to qualify for the PPP loan amount received.
Based on their reported 199 jobs retained, this equals an estimated average yearly compensation of $69,875 per employee1.
Business Information - Leppo, Inc in Kent, OH
826 Overholt Rd
Kent, OH 44240
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (NAICS code 532412)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-13
Industry PPP Comparison Statistics
Nationwide, 1,846 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a total of $463,210,891.00 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 16 employees, 92% lower than Leppo, Inc's reported 199 employees, and received an average PPP loan of $250,927, 91% lower than this company's loan of $2.9M.
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.
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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