PPP Loan Data — Simona Boltaron Inc, Newcomerstown, OH
Simona Boltaron Inc
Location: Newcomerstown, OHTweet This • Search All PPP Data
Simona Boltaron Inc is a corporation located at 1 General Street in Newcomerstown, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,811,635.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Simona Boltaron Inc in Newcomerstown, OH received a Paycheck Protection Loan of $1.81M through Manufacturers and Traders Trust Company, 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, Simona Boltaron Inc's 2019 payroll expenses are estimated to be at least $8.7M.
Based on their reported 129 jobs retained, this equals an estimated average yearly compensation of $67,410 per employee1
Reported PPP Proceed Usage:
On the PPP application, Simona Boltaron Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,341,085
- Utilities: $140,000
- Rent: $550
- Health Care: $330,000
Business Information - Simona Boltaron Inc in Newcomerstown, OH
1 General Street
Newcomerstown, OH 43832
Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing
NAICS code 326113
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 200 businesses in the "Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing" industry received a total of $79.11M 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 36 employees, 72% lower than Simona Boltaron Inc's reported 129 employees, and received an average PPP loan of $395,530, 78% lower than this company's loan of $1.81M.
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Footnotes & Information
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