PPP Loan Data — Pennant Moldings, Inc, Sabina, OH
Pennant Moldings, Inc
Entity: Subchapter S Corporation
Location: Sabina, OHTweet This • Search All PPP Data
Pennant Moldings, Inc is a subchapter s corporation located at 12381 Route 22 East in Sabina, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,500,942.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 244 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
Pennant Moldings, Inc in Sabina, OH received a Paycheck Protection Loan of $2.5M through The Huntington National 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 August, 2021.
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, Pennant Moldings, Inc's 2019 payroll expenses are estimated to be at least $12M.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $49,199 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pennant Moldings, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,500,942
Business Information - Pennant Moldings, Inc in Sabina, OH
12381 Route 22 East
Sabina, OH 45169
Metal Crown, Closure, and Other Metal Stamping (except Automotive)
NAICS code 332119
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,030 businesses in the "Metal Crown, Closure, and Other Metal Stamping (except Automotive)" industry received a total of $433.73M 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 38 employees, 84% lower than Pennant Moldings, Inc's reported 244 employees, and received an average PPP loan of $421,100, 83% lower than this company's loan of $2.5M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!