PPP Loan Data — Mahajan Therapeutics LLC, Dayton, OH
Mahajan Therapeutics LLC
Entity: Limited Liability Company (LLC)
Location: Dayton, OHTweet This • Search All PPP Data
Mahajan Therapeutics LLC is a limited liability company (LLC) located at 6300 N Main St in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,626,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Mahajan Therapeutics LLC in Dayton, OH received a Paycheck Protection Loan of $1.63M through PNC 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 February, 2021.
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, Mahajan Therapeutics LLC's 2019 payroll expenses are estimated to be at least $7.81M.
Based on their reported 146 jobs retained, this equals an estimated average yearly compensation of $53,484 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mahajan Therapeutics LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,626,800
Business Information - Mahajan Therapeutics LLC in Dayton, OH
6300 N Main St
Dayton, OH 45415
Outpatient Mental Health and Substance Abuse Centers
NAICS code 621420
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,274 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1.83B 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 18 employees, 88% lower than Mahajan Therapeutics LLC's reported 146 employees, and received an average PPP loan of $162,367, 90% lower than this company's loan of $1.63M.
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Footnotes & Information
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