PPP Loan Data — Ohio Valley Cleaners LLC, Tampa, FL
Ohio Valley Cleaners LLC is a self-employed individual located at 6018 Beacon Isle Apt 104 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $25,045.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Ohio Valley Cleaners LLC in Tampa, FL received a Paycheck Protection Loan of $25,045 through Cross River Bank, which was approved in June, 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 Valley Cleaners LLC's 2019 payroll expenses are estimated to be at least $120,216.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,108 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ohio Valley Cleaners LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,045
Business Information - Ohio Valley Cleaners LLC in Tampa, FL
6018 Beacon Isle Apt 104
Tampa, FL 33615
Other Personal Care Services
NAICS code 812199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 58 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $13,392 (compared to this company's $25,045).
Similar Nearby Businesses Who Received PPP Funding:
Humphrey Alf Inc
A&J Massage Therapy LLC
Industry PPP Comparison Statistics
Nationwide, 76,411 businesses in the "Other Personal Care Services" industry received a total of $1.78B 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 3 employees, 50% higher than Ohio Valley Cleaners LLC's reported 2 employees, and received an average PPP loan of $23,334, 7% lower than this company's loan of $25,045.
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Footnotes & Information
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