PPP Loan Data — Ssdj Development, LLC, Loveland, OH
Ssdj Development, LLC is a limited liability company (LLC) located at 9147 Lighthouse Way in Loveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,380.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fifth Third Bank
Ssdj Development, LLC in Loveland, OH received a Paycheck Protection Loan of $25,380 through Fifth Third Bank, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Ssdj Development, LLC's 2019 payroll expenses are estimated to be at least $121,824.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,536 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ssdj Development, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,380
- Refinance EIDL: $7,000
Business Information - Ssdj Development, LLC in Loveland, OH
9147 Lighthouse Way
Loveland, OH 45140
NAICS code 237210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,596 businesses in the "Land Subdivision" industry received a total of $468.09M 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 10 employees, 11% higher than Ssdj Development, LLC's reported 9 employees, and received an average PPP loan of $101,846, 301% higher than this company's loan of $25,380.
FederalPay's PPP Information Policy
Footnotes & Information
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