PPP Loan Data — UWD Holdings, LLC, Bedford, OH
UWD Holdings, LLC is a limited liability company (LLC) located at 24801 Rockside Rd in Bedford, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,171,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
UWD Holdings, LLC in Bedford, OH received a Paycheck Protection Loan of $3.17M 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, UWD Holdings, LLC's 2019 payroll expenses are estimated to be at least $15.22M.
Based on their reported 279 jobs retained, this equals an estimated average yearly compensation of $54,567 per employee1
Reported PPP Proceed Usage:
On the PPP application, UWD Holdings, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,171,700
Business Information - UWD Holdings, LLC in Bedford, OH
24801 Rockside Rd
Bedford, OH 44146
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Bedford
In the Bedford area, 21 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 279) and received an average PPP loan of $314,250 (compared to this company's $3.17M).
Similar Nearby Businesses Who Received PPP Funding:
Technology Recovery Group Limited
Benchmark Automation Software & Engineering Inc
Thunderyard Solutions LLC
Broadview Heights, OH
Respond Clinical Inc
Smart Technology Solutions
Tech 9 Inc
Industry PPP Comparison Statistics
Nationwide, 27,837 businesses in the "Computer Systems Design Services" industry received a total of $4.23B 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 11 employees, 96% lower than UWD Holdings, LLC's reported 279 employees, and received an average PPP loan of $151,788, 95% lower than this company's loan of $3.17M.
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Footnotes & Information
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