PPP Loan Data — NSG Inc, Cincinnati, OH
NSG Inc is a subchapter s corporation located at 1014 Vine St in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,677,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 278 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
NSG Inc in Cincinnati, OH received a Paycheck Protection Loan of $1.68M 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 May, 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, NSG Inc's 2019 payroll expenses are estimated to be at least $8.05M.
Based on their reported 278 jobs retained, this equals an estimated average yearly compensation of $28,969 per employee1
Reported PPP Proceed Usage:
On the PPP application, NSG Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,677,800
Business Information - NSG Inc in Cincinnati, OH
1014 Vine St
Cincinnati, OH 45202
Offices of Other Holding Companies
NAICS code 551112
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cincinnati
In the Cincinnati area, 2 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 141 employees (compared to this company's 278) and received an average PPP loan of $900,650 (compared to this company's $1.68M).
Similar Nearby Businesses Who Received PPP Funding:
Is Holding, LLC
Industry PPP Comparison Statistics
Nationwide, 12,536 businesses in the "Offices of Other Holding Companies" industry received a total of $1.56B 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 13 employees, 95% lower than NSG Inc's reported 278 employees, and received an average PPP loan of $124,396, 93% lower than this company's loan of $1.68M.
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Footnotes & Information
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