PPP Loan Data — Sandicare, LLC, Fairlawn, OH
Entity: Limited Liability Company (LLC)
Location: Fairlawn, OHTweet This • Search All PPP Data
Sandicare, LLC is a limited liability company (LLC) located at 34 Merz Blvd in Fairlawn, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Cortland Savings & Banking Co.
Sandicare, LLC in Fairlawn, OH received a Paycheck Protection Loan of $25,400 through The Cortland Savings & Banking Co., 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, Sandicare, LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,417 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sandicare, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Sandicare, LLC in Fairlawn, OH
34 Merz Blvd
Fairlawn, OH 44333
Residential Mental Health and Substance Abuse Facilities
NAICS code 623220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fairlawn
In the Fairlawn area, 2 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 7) and received an average PPP loan of $65,100 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Northeast Ohio Applied Health LLC
Industry PPP Comparison Statistics
Nationwide, 3,600 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $1.06B 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 36 employees, 414% higher than Sandicare, LLC's reported 7 employees, and received an average PPP loan of $295,104, 1062% higher than this company's loan of $25,400.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!