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PPP Loan Data — Nelson Stark Company, Cincinnati, OH

ALERT: There are 2 PPP loans for a total of $7.18M in our database for businesses with the name "Nelson Stark Company" in Cincinnati, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Nelson Stark Company
OH

Nelson Stark Company

Entity: Subchapter S Corporation

Industry: Other Heavy and Civil Engineering Construction

Location: Cincinnati, OH

Search All PPP Data

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 $2,000,000.00 in April, 2021.

The company has reported itself as a White male owned business, and employed at least 205 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4475388709

Loan Size:

$2M

Jobs Retained:

205

Loan Approved:

2021-04-01

Loan Status:

Ongoing Loan

Lender:

The North Side Bank and Trust Company

Nelson Stark Company in Cincinnati, OH received a Paycheck Protection Loan of $2M through The North Side Bank and Trust Company, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Nelson Stark Company's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $46,829 per employee1

Reported PPP Proceed Usage:

On the PPP application, Nelson Stark Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,997
  • Utilities: $1
Because the loan received by Nelson Stark Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Nelson Stark Company in Cincinnati, OH

Nelson Stark Company
7685 Fields Ertel Rd
Cincinnati, OH 45241

Business Industry:
Other Heavy and Civil Engineering Construction
NAICS code 237990

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Hamilton County, OH — SBA Office 0593 — Congressional District: OH-01

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Nelson Stark Company.

4 Seasons Grounds Management LLC
Landscaping Services

$436,300 PPP Loan

Similar Companies near Cincinnati

In the Cincinnati area, 3 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 154 employees (compared to this company's 205) and received an average PPP loan of $2,570,141 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Neyra Construction, Inc
Cincinnati, OH

$532,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 11,089 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 92% lower than Nelson Stark Company's reported 205 employees, and received an average PPP loan of $236,934, 88% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Nelson Stark Company
OH

Nelson Stark Company

Entity: Subchapter S Corporation

Industry: Other Heavy and Civil Engineering Construction

Location: Cincinnati, OH

Search All PPP Data

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
Loan #6021397002

Loan Size:

$5.18M

Jobs Retained:

231

Loan Approved:

2020-04-06

Loan Status:

Ongoing Loan

Lender:

The North Side Bank and Trust Company
Likely Employment Reduction3

Nelson Stark Company in Cincinnati, OH received a Paycheck Protection Loan of $5.18M through The North Side Bank and Trust Company, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 249. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Nelson Stark Company's 2019 payroll expenses are estimated to be at least $24.85M (not accounting for salary amounts > $100k).

Because the 231 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Nelson Stark Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,177,924
Because the loan received by Nelson Stark Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Nelson Stark Company in Cincinnati, OH

Nelson Stark Company
7685 Fields Ertel Rd
Cincinnati, OH 45241

Business Industry:
Other Heavy and Civil Engineering Construction
NAICS code 237990

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hamilton County, OH — SBA Office 0593 — Congressional District: OH-01

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Nelson Stark Company.

4 Seasons Grounds Management LLC
Landscaping Services

$436,300 PPP Loan

Similar Companies near Cincinnati

In the Cincinnati area, 3 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 154 employees (compared to this company's 231) and received an average PPP loan of $2,570,141 (compared to this company's $5.18M).

Similar Nearby Businesses Who Received PPP Funding:

Neyra Construction, Inc
Cincinnati, OH

$532,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 11,089 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 93% lower than Nelson Stark Company's reported 231 employees, and received an average PPP loan of $236,934, 95% lower than this company's loan of $5.18M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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Source: www.federalpay.org/paycheck-protection-program/nelson-stark-company-cincinnati-oh