PPP Loan Data — Robbins Inc, Cincinnati, OH
Robbins Inc is a subchapter s corporation located at 4777 Eastern Ave in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,919,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Robbins Inc in Cincinnati, OH received a Paycheck Protection Loan of $1.92M through PNC Bank, National Association, 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 June, 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, Robbins Inc's 2019 payroll expenses are estimated to be at least $9.21M.
Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $52,943 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robbins Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,919,200
Business Information - Robbins Inc in Cincinnati, OH
4777 Eastern Ave
Cincinnati, OH 45226
Other Millwork (including Flooring)
NAICS code 321918
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, 2,020 businesses in the "Other Millwork (including Flooring)" industry received a total of $292.16M 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 15 employees, 91% lower than Robbins Inc's reported 174 employees, and received an average PPP loan of $144,634, 92% lower than this company's loan of $1.92M.
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Footnotes & Information
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