PPP Loan Data — Sellitkate, LLC, Salem, OH
Sellitkate, LLC is a limited liability company (LLC) located at 9825 Salem Warren Rd in Salem, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Consumers National Bank
Sellitkate, LLC in Salem, OH received a Paycheck Protection Loan of $25,200 through Consumers National Bank, 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, Sellitkate, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sellitkate, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Sellitkate, LLC in Salem, OH
9825 Salem Warren Rd
Salem, OH 44460
NAICS code 999990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Salem
In the Salem area, 4 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 2) and received an average PPP loan of $14,891 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Kimberly Shipbaugh DBA Elizabeth Renea's
Graphite & Lead LTD
Q Builders LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 400% higher than Sellitkate, LLC's reported 2 employees, and received an average PPP loan of $42,878, 70% higher than this company's loan of $25,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!