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PPP Loan Data — United Group Services Inc, West Chester, OH

SBA PPP loan data, payroll data, and salaries for United Group Services Inc
OH

United Group Services Inc

Entity: Subchapter S Corporation

Industry: All Other Specialty Trade Contractors

Location: West Chester, OH

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United Group Services Inc is a subchapter s corporation located at 9740 Near Drive in West Chester, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,956,580.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.96M

Jobs Retained:

181

Loan Approved:

2020-04-06

Lender:

THE NORTH SIDE BANK AND TRUST COMPANY

United Group Services Inc in West Chester, OH received a Paycheck Protection Loan of $2.96M through THE NORTH SIDE BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, United Group Services Inc's total 2019 payroll expenses were approximately $14.19M in order to qualify for the PPP loan amount received.

Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $78,407 per employee1.

Because the loan received by United Group Services Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - United Group Services Inc in West Chester, OH

United Group Services Inc
9740 Near Drive
West Chester, OH 45246

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-08

Similar Companies near West Chester

In the West Chester area, 7 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 181) and received an average PPP loan of $494,025 (compared to this company's $2.96M).

Industry PPP Comparison Statistics

Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 95% lower than United Group Services Inc's reported 181 employees, and received an average PPP loan of $113,959, 96% lower than this company's loan of $2.96M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/united-group-services-inc-west-chester-oh