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PPP Loan Data — OK Interiors Corp, Cincinnati, OH

SBA PPP loan data, payroll data, and salaries for OK Interiors Corp
OH

OK Interiors Corp

Entity: Corporation

Industry: Drywall and Insulation Contractors

Location: Cincinnati, OH

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OK Interiors Corp is a corporation located at 11100 Ashburn Rd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,219,100.00 in April, 2020.

The company has reported itself as a White male owned business.

$ PPP Loan Information

Loan Size:

$4.22M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-04

Lender:

STOCK YARDS BANK & TRUST COMPANY

OK Interiors Corp received a Paycheck Protection Loan of $4.22M through STOCK YARDS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, OK Interiors Corp's total 2019 payroll expenses were approximately $20.25M in order to qualify for the PPP loan amount received.

Unlike most businesses, OK Interiors Corp's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by OK Interiors Corp 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 - OK Interiors Corp in Cincinnati, OH

OK Interiors Corp
11100 Ashburn Rd
Cincinnati, OH 45240

Business Industry

Drywall and Insulation Contractors (NAICS code 238310)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OH-01

Similar Companies near Cincinnati

In the Cincinnati area, 3 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 0) and received an average PPP loan of $1,470,120 (compared to this company's $4.22M).

Industry PPP Comparison Statistics

Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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 14 employees, and received an average PPP loan of $192,711, 95% lower than this company's loan of $4.22M.

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.

Search FederalPay's Full PPP Loan Database

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/ok-interiors-corp-cincinnati-oh