PPP Loan Data — Tara Vargo, Rocky River, OH
Tara Vargo is a sole proprietorship located in Rocky River, Ohio that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Tara Vargo in Rocky River, OH received a Paycheck Protection Loan of $24,900 through PNC Bank, National Association, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Tara Vargo reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Tara Vargo in Rocky River, OH
Rocky River, OH
* Full address is redacted to protect the privacy of individuals.
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Tara Vargo's reported 1 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $24,900.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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