PPP Loan Data — Prime Property Maintenance LLC, Galloway, OH
Prime Property Maintenance LLC is a corporation located at 5853 Westbank Dr in Galloway, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,247.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Prime Property Maintenance LLC in Galloway, OH received a Paycheck Protection Loan of $25,247 through PNC Bank, National Association, which was approved in January, 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, Prime Property Maintenance LLC's 2019 payroll expenses are estimated to be at least $121,186.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,297 per employee1
Reported PPP Proceed Usage:
On the PPP application, Prime Property Maintenance LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,242
- Utilities: $1
Business Information - Prime Property Maintenance LLC in Galloway, OH
5853 Westbank Dr
Galloway, OH 43119
NAICS code 561720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Galloway
In the Galloway area, 8 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $20,741 (compared to this company's $25,247).
Similar Nearby Businesses Who Received PPP Funding:
Servicemaster Of Central Ohio, Inc
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B 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 5 employees, 25% higher than Prime Property Maintenance LLC's reported 4 employees, and received an average PPP loan of $30,311, 20% higher than this company's loan of $25,247.
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Footnotes & Information
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