PPP Loan Data — The Glassman Of Columbus, LLC, Columbus, OH
The Glassman Of Columbus, LLC is a corporation located at 2218 Dividend Dr in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,470.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
The Glassman Of Columbus, LLC in Columbus, OH received a Paycheck Protection Loan of $25,470 through Fifth Third 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, The Glassman Of Columbus, LLC's 2019 payroll expenses are estimated to be at least $122,256.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,752 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Glassman Of Columbus, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,470
Business Information - The Glassman Of Columbus, LLC in Columbus, OH
2218 Dividend Dr
Columbus, OH 43228
Glass and Glazing Contractors
NAICS code 238150
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Columbus
In the Columbus area, 4 businesses in the "Glass and Glazing Contractors" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $130,583 (compared to this company's $25,470).
Similar Nearby Businesses Who Received PPP Funding:
Glassworks Plus Inc
New View Windows Of Worthington LLC
Assured Glass Services LLC
Industry PPP Comparison Statistics
Nationwide, 7,547 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B 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 12 employees, 300% higher than The Glassman Of Columbus, LLC's reported 3 employees, and received an average PPP loan of $142,027, 458% higher than this company's loan of $25,470.
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Footnotes & Information
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