PPP Loan Data — Smyth Automotive, Inc, Cincinnati, OH
Smyth Automotive, Inc
Entity: Subchapter S Corporation
Location: Cincinnati, OHTweet This • Search All PPP Data
Smyth Automotive, Inc is a subchapter s corporation located at 4275 Mt. Carmel Tobasco Rd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,627,200.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PNC BANK, NATIONAL ASSOCIATION
Smyth Automotive, Inc received a Paycheck Protection Loan of $2.63M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Smyth Automotive, Inc's total 2019 payroll expenses were approximately $12.61M in order to qualify for the PPP loan amount received.
Unlike most businesses, Smyth Automotive, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Smyth Automotive, Inc in Cincinnati, OH
4275 Mt. Carmel Tobasco Rd
Cincinnati, OH 45244
Motor Vehicle Supplies and New Parts Merchant Wholesalers (NAICS code 423120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-02
Industry PPP Comparison Statistics
Nationwide, 4,042 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a total of $644,135,263.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, and received an average PPP loan of $159,361, 94% lower than this company's loan of $2.63M.
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Footnotes & Information
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