PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Omega International Inc, Dayton, OH

ALERT: There are 2 PPP loans for a total of $505,426 in our database for businesses with the name "Omega International Inc" in Dayton, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Omega International Inc
OH

Omega International Inc

Entity: Corporation

Industry: Special Die and Tool, Die Set, Jig, and Fixture Manufacturing

Location: Dayton, OH

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Omega International Inc is a corporation located at 2850 Needmore Rd in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $238,383.00 in February, 2021.

The company has reported itself as a White male owned business, and employed at least seventeen people during the applicable loan loan period.

$ PPP Loan Information
Loan #2593138401

Loan Size:

$238,383

Jobs Retained:

17

Loan Approved:

2021-02-03

Loan Status:

Paid in Full or Forgiven

Lender:

The Farmers State Bank

Omega International Inc in Dayton, OH received a Paycheck Protection Loan of $238,383 through The Farmers State Bank, which was approved in February, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Omega International Inc's 2019 payroll expenses are estimated to be at least $1.14M.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $67,308 per employee1

Reported PPP Proceed Usage:

On the PPP application, Omega International Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $238,382
  • Utilities: $1

Business Information - Omega International Inc in Dayton, OH

Omega International Inc
2850 Needmore Rd
Dayton, OH 45414

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Montgomery County, OH — SBA Office 0593 — Congressional District: OH-10

Similar Companies near Dayton

In the Dayton area, 8 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 17) and received an average PPP loan of $683,514 (compared to this company's $238,383).

Industry PPP Comparison Statistics

Nationwide, 2,250 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a total of $604.89M 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 21 employees, 24% higher than Omega International Inc's reported 17 employees, and received an average PPP loan of $268,841, 13% higher than this company's loan of $238,383.

SBA PPP loan data, payroll data, and salaries for Omega International, Inc
OH

Omega International, Inc

Entity: Corporation

Industry: Cutting Tool and Machine Tool Accessory Manufacturing

Location: Dayton, OH

Search All PPP Data

Omega International, Inc is a corporation located at 2850 Needmore Rd in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $267,043.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least nineteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #3514517202

Loan Size:

$267,043

Jobs Retained:

19

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

The Farmers State Bank

Omega International, Inc in Dayton, OH received a Paycheck Protection Loan of $267,043 through The Farmers State Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Omega International, Inc's 2019 payroll expenses are estimated to be at least $1.28M.

Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $67,463 per employee1

Reported PPP Proceed Usage:

On the PPP application, Omega International, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $267,043

Business Information - Omega International, Inc in Dayton, OH

Omega International, Inc
2850 Needmore Rd
Dayton, OH 45414

Business Industry:
Cutting Tool and Machine Tool Accessory Manufacturing
NAICS code 333515

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Montgomery County, OH — SBA Office 0593 — Congressional District: OH-10

Similar Companies near Dayton

In the Dayton area, 2 businesses in the "Cutting Tool and Machine Tool Accessory Manufacturing" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 19) and received an average PPP loan of $343,422 (compared to this company's $267,043).

Similar Nearby Businesses Who Received PPP Funding:

Staub Laser Cutting Inc
Dayton, OH

$419,800 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,585 businesses in the "Cutting Tool and Machine Tool Accessory Manufacturing" industry received a total of $342.55M 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 18 employees, 5% lower than Omega International, Inc's reported 19 employees, and received an average PPP loan of $216,122, 19% lower than this company's loan of $267,043.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/omega-international-inc-dayton-oh