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PPP Loan Data — Ohio Valley Flooring Inc, Cincinnati, OH

SBA PPP loan data, payroll data, and salaries for Ohio Valley Flooring Inc
OH

Ohio Valley Flooring Inc

Entity: Subchapter S Corporation

Industry: Other Miscellaneous Nondurable Goods Merchant Wholesalers

Location: Cincinnati, OH

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Ohio Valley Flooring Inc is a subchapter s corporation located at 5555 Murray Ave in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,465,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.47M

Jobs Retained:

178

Loan Approved:

2020-04-13

Lender:

PNC BANK, NATIONAL ASSOCIATION

Ohio Valley Flooring Inc received a Paycheck Protection Loan of $2.47M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ohio Valley Flooring Inc's total 2019 payroll expenses were approximately $11.83M in order to qualify for the PPP loan amount received.

Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $66,483 per employee1.

Because the loan received by Ohio Valley Flooring Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Ohio Valley Flooring Inc in Cincinnati, OH

Ohio Valley Flooring Inc
5555 Murray Ave
Cincinnati, OH 45227

Business Industry

Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS code 424990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-02

Industry PPP Comparison Statistics

Nationwide, 8,398 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $907,670,921.00 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 10 employees, 94% lower than Ohio Valley Flooring Inc's reported 178 employees, and received an average PPP loan of $108,082, 96% lower than this company's loan of $2.47M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ohio-valley-flooring-inc-cincinnati-oh