PPP Loan Data — Mancor Ohio Inc, Dayton, OH
Mancor Ohio Inc is a corporation located at 1008 Leonhard St in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,064,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Mancor Ohio Inc in Dayton, OH received a Paycheck Protection Loan of $2.06M through PNC Bank, National Association, which was approved in April, 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, Mancor Ohio Inc's 2019 payroll expenses are estimated to be at least $9.91M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $56,302 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mancor Ohio Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,064,400
Business Information - Mancor Ohio Inc in Dayton, OH
1008 Leonhard St
Dayton, OH 45404
Other Motor Vehicle Parts Manufacturing
NAICS code 336390
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,518 businesses in the "Other Motor Vehicle Parts Manufacturing" industry received a total of $536.65M 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 32 employees, 82% lower than Mancor Ohio Inc's reported 176 employees, and received an average PPP loan of $353,523, 83% lower than this company's loan of $2.06M.
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Footnotes & Information
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