PPP Loan Data — Nelson Stark Company, Cincinnati, OH
Nelson Stark Company is a subchapter s corporation located at 7685 Fields Ertel Rd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $5,177,924.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 231 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE NORTH SIDE BANK AND TRUST COMPANY
Nelson Stark Company received a Paycheck Protection Loan of $5.18M through THE NORTH SIDE BANK AND TRUST COMPANY, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 231 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 249.
Based on standard PPP eligibility rules, Nelson Stark Company's total 2019 payroll expenses were approximately $24.85M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 231 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Nelson Stark Company in Cincinnati, OH
7685 Fields Ertel Rd
Cincinnati, OH 45241
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: OH-01
Similar Companies near Cincinnati
In the Cincinnati area, 2 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 231) and received an average PPP loan of $2,855,212 (compared to this company's $5.18M).
Similar Nearby Businesses Who Received PPP Funding:
Neyra Construction, Inc.
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, 92% lower than Nelson Stark Company's reported 231 employees, and received an average PPP loan of $308,548, 94% lower than this company's loan of $5.18M.
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Footnotes & Information
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