PPP Loan Data — NCC Solutions Inc, North Royalton, OH
NCC Solutions Inc
Entity: Non-profit Organization
Location: North Royalton, OHTweet This • Search All PPP Data
NCC Solutions Inc is a non-profit organization located at 12627 York Rd in North Royalton, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,015,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
NCC Solutions Inc in North Royalton, OH received a Paycheck Protection Loan of $2.02M 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, NCC Solutions Inc's 2019 payroll expenses are estimated to be at least $9.67M.
Based on their reported 425 jobs retained, this equals an estimated average yearly compensation of $22,763 per employee1
Reported PPP Proceed Usage:
On the PPP application, NCC Solutions Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,015,500
Business Information - NCC Solutions Inc in North Royalton, OH
12627 York Rd
North Royalton, OH 44133
Residential Intellectual and Developmental Disability Facilities
NAICS code 623210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,014 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $1.28B 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 58 employees, 86% lower than NCC Solutions Inc's reported 425 employees, and received an average PPP loan of $424,200, 79% lower than this company's loan of $2.02M.
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Footnotes & Information
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