PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Santmyer Companies Inc, Wooster, OH

ALERT: There are 2 PPP loans for a total of $4.54M in our database for businesses with the name "Santmyer Companies Inc" in Wooster, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Santmyer Companies Inc
OH

Santmyer Companies Inc

Entity: Corporation

Industry: Office Administrative Services

Location: Wooster, OH

Search All PPP Data

Santmyer Companies Inc is a corporation located at 3000 Old Airport Rd in Wooster, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2021.

The company has reported itself as a White male owned business, and employed at least 169 people during the applicable loan loan period.

$ PPP Loan Information
Loan #9206668900

Loan Size:

$2M

Jobs Retained:

169

Loan Approved:

2021-05-12

Loan Status:

Ongoing Loan

Lender:

Mahoning Valley Economic Development Corporation

Santmyer Companies Inc in Wooster, OH received a Paycheck Protection Loan of $2M through Mahoning Valley Economic Development Corporation, which was approved in May, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Santmyer Companies Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 169 jobs retained, this equals an estimated average yearly compensation of $56,805 per employee1

Reported PPP Proceed Usage:

On the PPP application, Santmyer Companies Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,996
  • Utilities: $1
Because the loan received by Santmyer Companies Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Santmyer Companies Inc in Wooster, OH

Santmyer Companies Inc
3000 Old Airport Rd
Wooster, OH 44691

Business Industry:
Office Administrative Services
NAICS code 561110

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Wayne County, OH — SBA Office 0549 — Congressional District: OH-16

Similar Companies near Wooster

In the Wooster area, 6 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 169) and received an average PPP loan of $369,367 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 44,947 businesses in the "Office Administrative Services" industry received a total of $2.36B 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 6 employees, 96% lower than Santmyer Companies Inc's reported 169 employees, and received an average PPP loan of $52,468, 97% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Santmyer Companies, Inc
OH

Santmyer Companies, Inc

Entity: Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Wooster, OH

Search All PPP Data

Santmyer Companies, Inc is a corporation located at 3000 Old Airport Rd in Wooster, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,537,700.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 205 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4847247000

Loan Size:

$2.54M

Jobs Retained:

205

Loan Approved:

2020-04-04

Loan Status:

Ongoing Loan

Lender:

The Huntington National Bank

Santmyer Companies, Inc in Wooster, OH received a Paycheck Protection Loan of $2.54M through The Huntington National Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Santmyer Companies, Inc's 2019 payroll expenses are estimated to be at least $12.18M.

Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $59,419 per employee1

Reported PPP Proceed Usage:

On the PPP application, Santmyer Companies, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,537,700
Because the loan received by Santmyer Companies, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Santmyer Companies, Inc in Wooster, OH

Santmyer Companies, Inc
3000 Old Airport Rd
Wooster, OH 44691

Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Wayne County, OH — SBA Office 0549 — Congressional District: OH-16

Similar Companies near Wooster

In the Wooster area, 7 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 205) and received an average PPP loan of $446,190 (compared to this company's $2.54M).

Industry PPP Comparison Statistics

Nationwide, 20,810 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.86B 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 12 employees, 94% lower than Santmyer Companies, Inc's reported 205 employees, and received an average PPP loan of $185,360, 93% lower than this company's loan of $2.54M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/santmyer-companies-inc-wooster-oh