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PPP Loan Data — Sharon Maddox Herron, Cleveland, OH

ALERT: There are 2 PPP loans for a total of $34,977 in our database for businesses with the name "Sharon Maddox Herron" in Cleveland, 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 Sharon Maddox Herron
OH

Sharon Maddox Herron

Entity: Sole Proprietorship

Industry: Child Day Care Services

Location: Cleveland, OH

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Sharon Maddox Herron is a sole proprietorship located in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $14,352.00 in May, 2021.

The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8461499003

Loan Size:

$14,352

Jobs Retained:

1

Loan Approved:

2021-05-27

Loan Status:

Paid in Full or Forgiven

Lender:

Prestamos CDFI, LLC

Sharon Maddox Herron in Cleveland, OH received a Paycheck Protection Loan of $14,352 through Prestamos CDFI, LLC, which was approved in May, 2021.

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 March, 2022.


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, Sharon Maddox Herron reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $14,350
  • Utilities: $1

Business Information - Sharon Maddox Herron in Cleveland, OH

Sharon Maddox Herron
Cleveland, OH
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Child Day Care Services
NAICS code 624410

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Cuyahoga County, OH — SBA Office 0549 — Congressional District: OH-11

Similar Companies near Cleveland

In the Cleveland area, 151 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $16,231 (compared to this company's $14,352).

Industry PPP Comparison Statistics

Nationwide, 128,936 businesses in the "Child Day Care Services" industry received a total of $5.47B 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 8 employees, 700% higher than Sharon Maddox Herron's reported 1 employees, and received an average PPP loan of $42,425, 196% higher than this company's loan of $14,352.

SBA PPP loan data, payroll data, and salaries for Sharon Maddox Herron
OH

Sharon Maddox Herron

Entity: Self-employed Individual

Industry: Printing and Writing Paper Merchant Wholesalers

Location: Cleveland, OH

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Sharon Maddox Herron is a self-employed individual located in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $20,625.00 in May, 2021.

The company has reported itself as a female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5382489009

Loan Size:

$20,625

Jobs Retained:

1

Loan Approved:

2021-05-22

Loan Status:

Paid in Full or Forgiven

Lender:

Harvest Small Business Finance, LLC

Sharon Maddox Herron in Cleveland, OH received a Paycheck Protection Loan of $20,625 through Harvest Small Business Finance, LLC, which was approved in May, 2021.

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 October, 2021.


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, Sharon Maddox Herron reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,625

Business Information - Sharon Maddox Herron in Cleveland, OH

Sharon Maddox Herron
Cleveland, OH
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Printing and Writing Paper Merchant Wholesalers
NAICS code 424110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Cuyahoga County, OH — SBA Office 0549 — Congressional District: OH-11

Similar Companies near Cleveland

In the Cleveland area, 2 businesses in the "Printing and Writing Paper Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 1) and received an average PPP loan of $1,889,063 (compared to this company's $20,625).

Similar Nearby Businesses Who Received PPP Funding:

The Millcraft Paper Company
Cleveland, OH

$3.76M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,320 businesses in the "Printing and Writing Paper Merchant Wholesalers" industry received a total of $150.33M 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, 900% higher than Sharon Maddox Herron's reported 1 employees, and received an average PPP loan of $113,885, 452% higher than this company's loan of $20,625.

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.


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Source: www.federalpay.org/paycheck-protection-program/sharon-maddox-herron-cleveland-oh