PPP Loan Data — Silver Linings Agency, Cincinnati, OH
Silver Linings Agency is a non-profit organization located at 2032 Bluehill Dr in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $46,625.00 in April, 2020.
The company has reported itself as a Black or african american owned non-profit, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:WesBanco Bank, Inc.
Silver Linings Agency in Cincinnati, OH received a Paycheck Protection Loan of $46,625 through WesBanco Bank, Inc., which was approved in April, 2020.
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, Silver Linings Agency's 2019 payroll expenses are estimated to be at least $223,800.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,345 per employee1
Reported PPP Proceed Usage:
On the PPP application, Silver Linings Agency reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,625
Business Information - Silver Linings Agency in Cincinnati, OH
2032 Bluehill Dr
Cincinnati, OH 45240
Civic and Social Organizations
NAICS code 813410
Business Owner Demographics
Race: Black or African American
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Cincinnati
In the Cincinnati area, 7 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 11) and received an average PPP loan of $208,624 (compared to this company's $46,625).
Similar Nearby Businesses Who Received PPP Funding:
Dan Beard Council Inc Boy Scouts Of America
The Manufactory LLC
Exclusive Services, Inc
Blue Ash, OH
Live 'N Learn LLC
Ohio River Foundation
Blue Ash, OH
Industry PPP Comparison Statistics
Nationwide, 18,550 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 82% higher than Silver Linings Agency's reported 11 employees, and received an average PPP loan of $140,085, 200% higher than this company's loan of $46,625.
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