PPP Loan Data — R & F Woodworking, Millersburg, OH
R & F Woodworking
Entity: Sole Proprietorship
Location: Millersburg, OHTweet This • Search All PPP Data
R & F Woodworking is a sole proprietorship located at 6470 Township Road 310 in Millersburg, Ohio that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Commercial and Savings Bank of Millersburg, Ohio
R & F Woodworking in Millersburg, OH received a Paycheck Protection Loan of $46,300 through The Commercial and Savings Bank of Millersburg, Ohio, 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 February, 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, R & F Woodworking's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, R & F Woodworking reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,725
- Utilities: $11,575
Business Information - R & F Woodworking in Millersburg, OH
6470 Township Road 310
Millersburg, OH 44654
Nonupholstered Wood Household Furniture Manufacturing
NAICS code 337122
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Millersburg
In the Millersburg area, 11 businesses in the "Nonupholstered Wood Household Furniture Manufacturing" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 3) and received an average PPP loan of $99,303 (compared to this company's $46,300).
Similar Nearby Businesses Who Received PPP Funding:
Canal Dover Furniture LLC
Countryside Tables, LLC
Buckeye Seating, LLC
Briarwood Beds LLC
Backyard Designs LTD
Frontier Log Furniture, LTD
Country View Woodworking LTD
JM Coblentz Woodworking
Industry PPP Comparison Statistics
Nationwide, 2,003 businesses in the "Nonupholstered Wood Household Furniture Manufacturing" industry received a total of $170.34M 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 10 employees, 233% higher than R & F Woodworking's reported 3 employees, and received an average PPP loan of $85,044, 84% higher than this company's loan of $46,300.
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Footnotes & Information
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