PPP Loan Data — Ritz Safety LLC, Dayton, OH
Ritz Safety LLC is a subchapter s corporation located at 7725 Paragon Rd in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,174,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Ritz Safety LLC in Dayton, OH received a Paycheck Protection Loan of $2.17M 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, Ritz Safety LLC's 2019 payroll expenses are estimated to be at least $10.44M.
Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $63,264 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ritz Safety LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,174,700
Business Information - Ritz Safety LLC in Dayton, OH
7725 Paragon Rd
Dayton, OH 45459
Industrial Supplies Merchant Wholesalers
NAICS code 423840
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dayton
In the Dayton area, 5 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 165) and received an average PPP loan of $608,460 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
Perlane Sales Inc
Mackintosh Tool Company Inc
Baumer Hhs Corporation
AAA Mission LLC
Industry PPP Comparison Statistics
Nationwide, 6,397 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a total of $1.02B 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 13 employees, 92% lower than Ritz Safety LLC's reported 165 employees, and received an average PPP loan of $160,215, 93% lower than this company's loan of $2.17M.
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Footnotes & Information
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