PPP Loan Data — Proampac Orlando Inc, Cincinnati, OH
Proampac Orlando Inc
Location: Cincinnati, OHTweet This • Search All PPP Data
Proampac Orlando Inc is a corporation located at 12025 Tricon Rd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,137,757.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Proampac Orlando Inc in Cincinnati, OH received a Paycheck Protection Loan of $2.14M through U.S. Bank, National Association, which was approved in August, 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, Proampac Orlando Inc's 2019 payroll expenses are estimated to be at least $10.26M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $76,009 per employee1
Reported PPP Proceed Usage:
On the PPP application, Proampac Orlando Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,137,757
Business Information - Proampac Orlando Inc in Cincinnati, OH
12025 Tricon Rd
Cincinnati, OH 45246
Plastics Packaging Film and Sheet (including Laminated) Manufacturing
NAICS code 326112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 491 businesses in the "Plastics Packaging Film and Sheet (including Laminated) Manufacturing" industry received a total of $155.58M 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 28 employees, 79% lower than Proampac Orlando Inc's reported 135 employees, and received an average PPP loan of $316,863, 85% lower than this company's loan of $2.14M.
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Footnotes & Information
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