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PPP Loan Data — Ohio State Home Services, Inc.,
Macedonia, OH
Ohio State Home Services, Inc.
Entity: Subchapter S Corporation
Industry: Other Building Finishing Contractors
Location: Macedonia, OH
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Ohio State Home Services, Inc. is a subchapter s corporation located at 365 Highland Rd in Macedonia, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,552,200.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 339 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
339Loan Approved:
2020-04-14Lender:
FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF LAKEWOODOhio State Home Services, Inc. in Macedonia, OH received a Paycheck Protection Loan of $2.55M through FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF LAKEWOOD, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ohio State Home Services, Inc.'s total 2019 payroll expenses were approximately $12.25M in order to qualify for the PPP loan amount received.
Based on their reported 339 jobs retained, this equals an estimated average yearly compensation of $36,137 per employee1.
Business Information - Ohio State Home Services, Inc. in Macedonia, OH
365 Highland Rd
Macedonia, OH 44056
Business Industry
Other Building Finishing Contractors (NAICS code 238390)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: OH-14Similar Companies near Macedonia
In the Macedonia area, 6 businesses in the "Other Building Finishing Contractors" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 339) and received an average PPP loan of $470,178 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
CJI Consulting Inc.
Macedonia, OH
EZ Breathe Ventilation Systems, LLC
Macedonia, OH
Custom Moulding & Millwork LLC
Madison, OH
Gonzalez Basement Waterproofing LLC
Lorain, OH
Everdry Marketing & Management Inc.
Macedonia, OH
Industry PPP Comparison Statistics
Nationwide, 7,067 businesses in the "Other Building Finishing Contractors" industry received a total of $733,532,028.00 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 8 employees, 98% lower than Ohio State Home Services, Inc.'s reported 339 employees, and received an average PPP loan of $103,797, 96% lower than this company's loan of $2.55M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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.
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