PPP Loan Data — Star Quality Cleaning, Warren, OH
Star Quality Cleaning
Location: Warren, OHTweet This • Search All PPP Data
Star Quality Cleaning is a corporation located at 570 Champion Ave E in Warren, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Star Quality Cleaning in Warren, OH received a Paycheck Protection Loan of $25,000 through The Huntington National 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, Star Quality Cleaning's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Star Quality Cleaning reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Star Quality Cleaning in Warren, OH
570 Champion Ave E
Warren, OH 44483
Drycleaning and Laundry Services (except Coin-Operated)
NAICS code 812320
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 29,150 businesses in the "Drycleaning and Laundry Services (except Coin-Operated)" industry received a total of $1.13B 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 7 employees, 250% higher than Star Quality Cleaning's reported 2 employees, and received an average PPP loan of $38,609, 54% higher than this company's loan of $25,000.
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