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PPP Loan Data — Shannon Dungey, Liberty Township, OH

SBA PPP loan data, payroll data, and salaries for Shannon Dungey
OH

Shannon Dungey

Entity: Independent Contractor

Industry: Janitorial Services

Location: Liberty Township, OH

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Shannon Dungey is an independent contractor located in Liberty Township, Ohio that received a Coronavirus-related PPP loan from the SBA of $22,500.00 in May, 2021.

$ PPP Loan Information
Loan #9940138910

Loan Size:

$22,500

Jobs Retained:

1

Loan Approved:

2021-05-12

Loan Status:

Active Un-Disbursed

Lender:

Leader Bank, National Association
Likely Employment Reduction3 PPP Funds Undisbursed

Shannon Dungey in Liberty Township, OH received a Paycheck Protection Loan of $22,500 through Leader Bank, National Association, which was approved in May, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $22,500 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in May, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Shannon Dungey reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $22,496
  • Utilities: $1

Business Information - Shannon Dungey in Liberty Township, OH

Shannon Dungey
Liberty Township, OH
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Janitorial Services
NAICS code 561720

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Butler County, OH — SBA Office 0593 — Congressional District: OH-08

Similar Companies near Liberty Township

In the Liberty Township area, 20 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $23,201 (compared to this company's $22,500).

Industry PPP Comparison Statistics

Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 400% higher than Shannon Dungey's reported 1 employees, and received an average PPP loan of $30,311, 35% higher than this company's loan of $22,500.

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.

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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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/shannon-dungey-liberty-township-oh