PPP Loan Data — Ohio Associated Enterprises, LLC, Painesville, OH
Ohio Associated Enterprises, LLC
Entity: Limited Liability Company (LLC)
Location: Painesville, OHTweet This • Search All PPP Data
Ohio Associated Enterprises, LLC is a limited liability company (LLC) located at 1382 West Jackson Street in Painesville, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,634,473.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Ohio Associated Enterprises, LLC in Painesville, OH received a Paycheck Protection Loan of $1.63M through KeyBank 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, Ohio Associated Enterprises, LLC's 2019 payroll expenses are estimated to be at least $7.85M.
Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $45,350 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ohio Associated Enterprises, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,634,473
Business Information - Ohio Associated Enterprises, LLC in Painesville, OH
1382 West Jackson Street
Painesville, OH 44077
Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing
NAICS code 334416
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 350 businesses in the "Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing" industry received a total of $130.31M 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 36 employees, 79% lower than Ohio Associated Enterprises, LLC's reported 173 employees, and received an average PPP loan of $372,323, 77% lower than this company's loan of $1.63M.
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Footnotes & Information
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