FederalPay.org
PPP Loan Data — Phantom Fireworks Showrooms LLC,
Youngstown, OH
Phantom Fireworks Showrooms LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)
Location: Youngstown, OH
Tweet This
•
Search All PPP Data
Phantom Fireworks Showrooms LLC is a limited liability company (LLC) located at 2445 Belmont Ave in Youngstown, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,775,312.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
169Loan Approved:
2020-04-15Lender:
S & T BANKPhantom Fireworks Showrooms LLC in Youngstown, OH received a Paycheck Protection Loan of $2.78M through S & T BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Phantom Fireworks Showrooms LLC's total 2019 payroll expenses were approximately $13.32M in order to qualify for the PPP loan amount received.
Based on their reported 169 jobs retained, this equals an estimated average yearly compensation of $78,825 per employee1.
Business Information - Phantom Fireworks Showrooms LLC in Youngstown, OH
2445 Belmont Ave
Youngstown, OH 44505
Business Industry
All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-13Similar Companies near Youngstown
In the Youngstown area, 7 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 169) and received an average PPP loan of $736,123 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Phantom Fireworks Eastern Region LLC
Youngstown, OH
Phantom Importing And Distributing LLC
Youngstown, OH
Phantom Administrative LLC
Youngstown, OH
Phantom Fireworks Western Region LLC
Youngstown, OH
Phantom Fireworks Store Sales, LLC
Youngstown, OH
The Supplyroom Inc.
Youngstown, OH
Industry PPP Comparison Statistics
Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 96% lower than Phantom Fireworks Showrooms LLC's reported 169 employees, and received an average PPP loan of $50,641, 98% lower than this company's loan of $2.78M.
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, and is published unmodified, as provided by the SBA.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!