PPP Loan Data — Ohio Eagle Distributing, West Chester, OH
Ohio Eagle Distributing
Entity: Limited Liability Company (LLC)
Location: West Chester, OHTweet This • Search All PPP Data
Ohio Eagle Distributing is a limited liability company (LLC) located at 9300 Allen Road in West Chester, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,530,542.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Sabal Palm Bank
Ohio Eagle Distributing in West Chester, OH received a Paycheck Protection Loan of $1.53M through Sabal Palm Bank, 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 Eagle Distributing's 2019 payroll expenses are estimated to be at least $7.35M.
Based on their reported 107 jobs retained, this equals an estimated average yearly compensation of $68,660 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ohio Eagle Distributing reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,530,542
Business Information - Ohio Eagle Distributing in West Chester, OH
9300 Allen Road
West Chester, OH 45069
Wine and Distilled Alcoholic Beverage Merchant Wholesalers
NAICS code 424820
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,421 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a total of $468.84M 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 12 employees, 89% lower than Ohio Eagle Distributing's reported 107 employees, and received an average PPP loan of $137,047, 91% lower than this company's loan of $1.53M.
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Footnotes & Information
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