PPP Loan Data — The Dothea Group, LLC, Medina, OH
The Dothea Group, LLC is a limited liability company (LLC) located at 3299 State Rd in Medina, Ohio that received a Coronavirus-related PPP loan from the SBA of $45,832.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
The Dothea Group, LLC in Medina, OH received a Paycheck Protection Loan of $45,832 through JPMorgan Chase Bank, National Association, 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 April, 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, The Dothea Group, LLC's 2019 payroll expenses are estimated to be at least $219,994.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,331 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Dothea Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,037
- Utilities: $795
Business Information - The Dothea Group, LLC in Medina, OH
3299 State Rd
Medina, OH 44256
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Medina
In the Medina area, 14 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $82,865 (compared to this company's $45,832).
Similar Nearby Businesses Who Received PPP Funding:
Eagle Engineered Solutions Inc
GP Plasma LLC
X Wind Aero Consultants Inc
Rolling & Hocevar, Inc
Trommer And Associates Inc
Innovative Quality Solutions Company
Cunningham &Associates Inc
Philip H De Groot
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 333% higher than The Dothea Group, LLC's reported 3 employees, and received an average PPP loan of $194,873, 325% higher than this company's loan of $45,832.
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Footnotes & Information
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