PPP Loan Data — Ushr 161, Inc, Columbus, OH
Ushr 161, Inc is a corporation located at 1666 E Dublin Granville Rd in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in May, 2020.
The company has reported itself as an Asian male owned business, and employed at least fifteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Ushr 161, Inc in Columbus, OH received a Paycheck Protection Loan of $25,100 through PNC Bank, National Association, which was approved in May, 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, Ushr 161, Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $8,032 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ushr 161, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Ushr 161, Inc in Columbus, OH
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Ushr 161, Inc's reported 15 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,100.
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Footnotes & Information
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