PPP Loan Data — Spatial AG Systems, LLC, Sherwood, OH
Spatial AG Systems, LLC is a limited liability company (LLC) located at 11111 Lockwood Rd in Sherwood, Ohio that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Spatial AG Systems, LLC in Sherwood, OH received a Paycheck Protection Loan of $47,100 through Premier Bank, 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, Spatial AG Systems, LLC's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,520 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spatial AG Systems, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,100
Business Information - Spatial AG Systems, LLC in Sherwood, OH
11111 Lockwood Rd
Sherwood, OH 43556
All Other Grain Farming
NAICS code 111199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Sherwood
In the Sherwood area, 9 businesses in the "All Other Grain Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $20,080 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
William C Moats
C.r. Planson Farms Inc
Spatial AG Systems, GP
Dennis E Wesche
Industry PPP Comparison Statistics
Nationwide, 39,476 businesses in the "All Other Grain Farming" industry received a total of $778.27M 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 2 employees, 50% lower than Spatial AG Systems, LLC's reported 4 employees, and received an average PPP loan of $19,715, 58% lower than this company's loan of $47,100.
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Footnotes & Information
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