PPP Loan Data — Tilton Hilton Inc, Lakeview, OH
Tilton Hilton Inc is a corporation located at 10861 County Road 293 in Lakeview, Ohio that received a Coronavirus-related PPP loan from the SBA of $24,862.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Superior CU, Inc.
Tilton Hilton Inc in Lakeview, OH received a Paycheck Protection Loan of $24,862 through Superior CU, Inc., 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 March, 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, Tilton Hilton Inc's 2019 payroll expenses are estimated to be at least $119,338.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,524 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tilton Hilton Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,862
Business Information - Tilton Hilton Inc in Lakeview, OH
10861 County Road 293
Lakeview, OH 43331
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Lakeview
In the Lakeview area, 5 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 14) and received an average PPP loan of $29,639 (compared to this company's $24,862).
Similar Nearby Businesses Who Received PPP Funding:
La Rue, OH
Froggy's At The Lake Resort Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 57% higher than Tilton Hilton Inc's reported 14 employees, and received an average PPP loan of $129,504, 421% higher than this company's loan of $24,862.
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Footnotes & Information
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