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PPP Loan Data — M. Bohlke Veneer Corp,
Fairfield, OH
M. Bohlke Veneer Corp
Entity: Subchapter S Corporation
Industry: Hardwood Veneer and Plywood Manufacturing
Location: Fairfield, OH
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M. Bohlke Veneer Corp is a subchapter s corporation located at 8375 N Gilmore Rd in Fairfield, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 196 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6077568403
Loan Size:
Jobs Retained:
196Loan Approved:
2021-02-10Loan Status:
Ongoing LoanLender:
U.S. Bank, National AssociationM. Bohlke Veneer Corp in Fairfield, OH received a Paycheck Protection Loan of $2M through U.S. Bank, National Association, which was approved in February, 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 MoreUnderstanding 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 MoreBased 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, M. Bohlke Veneer Corp's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $48,980 per employee1
Reported PPP Proceed Usage:
On the PPP application, M. Bohlke Veneer Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - M. Bohlke Veneer Corp in Fairfield, OH
8375 N Gilmore Rd
Fairfield, OH 45014
Business Industry:
Hardwood Veneer and Plywood Manufacturing
NAICS code 321211
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Fairfield
In the Fairfield area, 3 businesses in the "Hardwood Veneer and Plywood Manufacturing" industry received a PPP loan. These local businesses reported an average of 159 employees (compared to this company's 196) and received an average PPP loan of $1,732,292 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Custom Millcraft Corporation
West Chester, OH
Industry PPP Comparison Statistics
Nationwide, 493 businesses in the "Hardwood Veneer and Plywood Manufacturing" industry received a total of $139.67M 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 31 employees, 84% lower than M. Bohlke Veneer Corp's reported 196 employees, and received an average PPP loan of $283,311, 86% lower than this company's loan of $2M.
M. Bohlke Veneer Corp
Entity: Subchapter S Corporation
Industry: Hardwood Veneer and Plywood Manufacturing
Location: Fairfield, OH
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M. Bohlke Veneer Corp is a subchapter s corporation located at 8375 Gilmore Rd N in Fairfield, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,744,687.00 in April, 2020.
$
PPP Loan Information
Loan #9373047108
Loan Size:
Jobs Retained:
234Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
U.S. Bank, National AssociationM. Bohlke Veneer Corp in Fairfield, OH received a Paycheck Protection Loan of $2.74M through U.S. Bank, 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 August, 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 MoreUnderstanding 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 MoreBased 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, M. Bohlke Veneer Corp's 2019 payroll expenses are estimated to be at least $13.17M.
Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $56,301 per employee1
Reported PPP Proceed Usage:
On the PPP application, M. Bohlke Veneer Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,744,687
Business Information - M. Bohlke Veneer Corp in Fairfield, OH
8375 Gilmore Rd N
Fairfield, OH 45014
Business Industry:
Hardwood Veneer and Plywood Manufacturing
NAICS code 321211
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: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fairfield
In the Fairfield area, 3 businesses in the "Hardwood Veneer and Plywood Manufacturing" industry received a PPP loan. These local businesses reported an average of 159 employees (compared to this company's 234) and received an average PPP loan of $1,732,292 (compared to this company's $2.74M).
Similar Nearby Businesses Who Received PPP Funding:
Custom Millcraft Corporation
West Chester, OH
Industry PPP Comparison Statistics
Nationwide, 493 businesses in the "Hardwood Veneer and Plywood Manufacturing" industry received a total of $139.67M 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 31 employees, 87% lower than M. Bohlke Veneer Corp's reported 234 employees, and received an average PPP loan of $283,311, 90% lower than this company's loan of $2.74M.
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.
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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