PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — S&L Cabling Solutions LLC, Toledo, OH

ALERT: There are 2 PPP loans for a total of $96,747 in our database for businesses with the name "S&L Cabling Solutions LLC" in Toledo, 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 S&L Cabling Solutions LLC
OH

S&L Cabling Solutions LLC

Entity: Limited Liability Company (LLC)

Industry: Electrical Contractors and Other Wiring Installation Contractors

Location: Toledo, OH

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S&L Cabling Solutions LLC is a limited liability company (LLC) located at 4162 Monroe St in Toledo, Ohio that received a Coronavirus-related PPP loan from the SBA of $48,347.00 in February, 2021.

$ PPP Loan Information
Loan #3625728401

Loan Size:

$48,347

Jobs Retained:

3

Loan Approved:

2021-02-05

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

S&L Cabling Solutions LLC in Toledo, OH received a Paycheck Protection Loan of $48,347 through KeyBank National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, S&L Cabling Solutions LLC's 2019 payroll expenses are estimated to be at least $232,066.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $77,355 per employee1

Reported PPP Proceed Usage:

On the PPP application, S&L Cabling Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $48,347

Business Information - S&L Cabling Solutions LLC in Toledo, OH

S&L Cabling Solutions LLC
4162 Monroe St
Toledo, OH 43606

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: N

HUBZone: N

Rural / Urban: Urban

Lucas County, OH — SBA Office 0549 — Congressional District: OH-09

Similar Companies near Toledo

In the Toledo area, 12 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 3) and received an average PPP loan of $642,526 (compared to this company's $48,347).

Industry PPP Comparison Statistics

Nationwide, 71,211 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.34B 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 13 employees, 333% higher than S&L Cabling Solutions LLC's reported 3 employees, and received an average PPP loan of $159,309, 230% higher than this company's loan of $48,347.

SBA PPP loan data, payroll data, and salaries for S&L Cabling Solutions LLC
OH

S&L Cabling Solutions LLC

Entity: Limited Liability Company (LLC)

Industry: Computer Systems Design Services

Location: Toledo, OH

Search All PPP Data

S&L Cabling Solutions LLC is a limited liability company (LLC) located at 4162 Monroe Street in Toledo, Ohio that received a Coronavirus-related PPP loan from the SBA of $48,400.00 in April, 2020.

$ PPP Loan Information
Loan #4083377101

Loan Size:

$48,400

Jobs Retained:

3

Loan Approved:

2020-04-12

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

S&L Cabling Solutions LLC in Toledo, OH received a Paycheck Protection Loan of $48,400 through KeyBank National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, S&L Cabling Solutions LLC's 2019 payroll expenses are estimated to be at least $232,320.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $77,440 per employee1

Reported PPP Proceed Usage:

On the PPP application, S&L Cabling Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $48,400

Business Information - S&L Cabling Solutions LLC in Toledo, OH

S&L Cabling Solutions LLC
4162 Monroe Street
Toledo, OH 43606

Business Industry:
Computer Systems Design Services
NAICS code 541512

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lucas County, OH — SBA Office 0549 — Congressional District: OH-09

Similar Companies near Toledo

In the Toledo area, 4 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $22,126 (compared to this company's $48,400).

Industry PPP Comparison Statistics

Nationwide, 27,837 businesses in the "Computer Systems Design Services" industry received a total of $4.23B 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 11 employees, 267% higher than S&L Cabling Solutions LLC's reported 3 employees, and received an average PPP loan of $151,788, 214% higher than this company's loan of $48,400.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sl-cabling-solutions-llc-toledo-oh