PPP Loan Data — Universal Screen Arts Inc, Hudson, OH
Universal Screen Arts Inc is a corporation located at 5581 Hudson Industrial Parkway in Hudson, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,277,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Universal Screen Arts Inc in Hudson, OH received a Paycheck Protection Loan of $2.28M through The Huntington National 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, Universal Screen Arts Inc's 2019 payroll expenses are estimated to be at least $10.93M.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $50,607 per employee1
Reported PPP Proceed Usage:
On the PPP application, Universal Screen Arts Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,277,300
Business Information - Universal Screen Arts Inc in Hudson, OH
5581 Hudson Industrial Parkway
Hudson, OH 44236
Electronic Shopping and Mail-Order Houses
NAICS code 454110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hudson
In the Hudson area, 3 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 216) and received an average PPP loan of $772,401 (compared to this company's $2.28M).
Similar Nearby Businesses Who Received PPP Funding:
Alchemy Abstract LLC
Mont B Bell & Rich Enterprises LLC
Industry PPP Comparison Statistics
Nationwide, 22,717 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $954.6M 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 4 employees, 98% lower than Universal Screen Arts Inc's reported 216 employees, and received an average PPP loan of $42,021, 98% lower than this company's loan of $2.28M.
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Footnotes & Information
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