PPP Loan Data — Pharmacy Data Management, Inc, Youngstown, OH
Pharmacy Data Management, Inc is a subchapter s corporation located at 8530 Crossroads Drive in Youngstown, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,252,214.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Pharmacy Data Management, Inc in Youngstown, OH received a Paycheck Protection Loan of $2.25M through KeyBank National Association, which was approved in April, 2020.
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, Pharmacy Data Management, Inc's 2019 payroll expenses are estimated to be at least $10.81M.
Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $67,566 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pharmacy Data Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,252,214
Business Information - Pharmacy Data Management, Inc in Youngstown, OH
8530 Crossroads Drive
Youngstown, OH 44514
Data Processing, Hosting, and Related Services
NAICS code 518210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Youngstown
In the Youngstown area, 3 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 160) and received an average PPP loan of $800,283 (compared to this company's $2.25M).
Similar Nearby Businesses Who Received PPP Funding:
Nullpoint Systems, LLC
Industry PPP Comparison Statistics
Nationwide, 10,209 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1.51B 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 11 employees, 93% lower than Pharmacy Data Management, Inc's reported 160 employees, and received an average PPP loan of $147,893, 93% lower than this company's loan of $2.25M.
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Footnotes & Information
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