PPP Loan Data — Loth Holdings, LLC, Cincinnati, OH
Loth Holdings, LLC is a limited liability company (LLC) located at 3574 E. Kemper Rd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,668,494.00 in April, 2020.
$ PPP Loan Information
Loth Holdings, LLC received a Paycheck Protection Loan of $2.67M through CBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Loth Holdings, LLC's total 2019 payroll expenses were approximately $12.81M in order to qualify for the PPP loan amount received.
Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $73,614 per employee1.
Business Information - Loth Holdings, LLC in Cincinnati, OH
3574 E. Kemper Rd
Cincinnati, OH 45241
Office Equipment Merchant Wholesalers (NAICS code 423420)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-01
Similar Companies near Cincinnati
In the Cincinnati area, 2 businesses in the "Office Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 189 employees (compared to this company's 174) and received an average PPP loan of $2,676,547 (compared to this company's $2.67M).
Similar Nearby Businesses Who Received PPP Funding:
Modern Office Methods Inc
Blue Ash, OH
Industry PPP Comparison Statistics
Nationwide, 1,297 businesses in the "Office Equipment Merchant Wholesalers" industry received a total of $267,348,840.00 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 15 employees, 91% lower than Loth Holdings, LLC's reported 174 employees, and received an average PPP loan of $206,129, 92% lower than this company's loan of $2.67M.
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.
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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