PPP Loan Data — M Concrete Studios, Dayton, OH
M Concrete Studios is a limited liability company (LLC) located at 730 Lorain Ave Unit B in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wright Patt CU Inc
M Concrete Studios in Dayton, OH received a Paycheck Protection Loan of $25,000 through Wright Patt CU Inc, which was approved in May, 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, M Concrete Studios' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, M Concrete Studios reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - M Concrete Studios in Dayton, OH
730 Lorain Ave Unit B
Dayton, OH 45410
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dayton
In the Dayton area, 5 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $23,649 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Robert J Holland
N B Weitz Contracting, LLC
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 100% higher than M Concrete Studios' reported 4 employees, and received an average PPP loan of $86,076, 244% higher than this company's loan of $25,000.
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Footnotes & Information
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