PPP Loan Data — Thrift Stores Of Ohio, Inc, Columbus, OH
Thrift Stores Of Ohio, Inc is a corporation located at 5357 Crosswind Drive in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,025,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Thrift Stores Of Ohio, Inc in Columbus, OH received a Paycheck Protection Loan of $2.03M through KeyBank National Association, 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, Thrift Stores Of Ohio, Inc's 2019 payroll expenses are estimated to be at least $9.72M.
Based on their reported 460 jobs retained, this equals an estimated average yearly compensation of $21,130 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thrift Stores Of Ohio, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,025,000
Business Information - Thrift Stores Of Ohio, Inc in Columbus, OH
5357 Crosswind Drive
Columbus, OH 43228
Used Merchandise Stores
NAICS code 453310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Columbus
In the Columbus area, 5 businesses in the "Used Merchandise Stores" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 460) and received an average PPP loan of $469,303 (compared to this company's $2.03M).
Similar Nearby Businesses Who Received PPP Funding:
E-Z Cash Pawn Shop Inc
Blankenship Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 12,348 businesses in the "Used Merchandise Stores" industry received a total of $577.39M 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 8 employees, 98% lower than Thrift Stores Of Ohio, Inc's reported 460 employees, and received an average PPP loan of $46,760, 98% lower than this company's loan of $2.03M.
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Footnotes & Information
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