PPP Loan Data — Thinking Farther Inc, Cincinnati, OH
Thinking Farther Inc is a corporation located at 7325 English Garden Ln in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Thinking Farther Inc in Cincinnati, OH received a Paycheck Protection Loan of $25,300 through PNC Bank, National Association, which was approved in April, 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 February, 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, Thinking Farther Inc's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thinking Farther Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Thinking Farther Inc in Cincinnati, OH
7325 English Garden Ln
Cincinnati, OH 45230
Other General Government Support
NAICS code 921190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,022 businesses in the "Other General Government Support" industry received a total of $105.1M 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 11 employees, 267% higher than Thinking Farther Inc's reported 3 employees, and received an average PPP loan of $102,834, 306% higher than this company's loan of $25,300.
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Footnotes & Information
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