PPP Loan Data — William White III LLC, Milford, OH
William White III LLC is a limited liability company (LLC) located at 5517 Dry Run Road in Milford, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,496.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:General Electric CU
William White III LLC in Milford, OH received a Paycheck Protection Loan of $25,496 through General Electric CU, which was approved in May, 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, William White III LLC's 2019 payroll expenses are estimated to be at least $122,381.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,191 per employee1
Reported PPP Proceed Usage:
On the PPP application, William White III LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,496
Business Information - William White III LLC in Milford, OH
5517 Dry Run Road
Milford, OH 45150
Painting and Wall Covering Contractors
NAICS code 238320
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Milford
In the Milford area, 9 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $68,254 (compared to this company's $25,496).
Similar Nearby Businesses Who Received PPP Funding:
Dust Busters Plus
Rainbow Group LLC
JKC Services, LTD
Designs By Debi LLC
Industry PPP Comparison Statistics
Nationwide, 50,571 businesses in the "Painting and Wall Covering Contractors" industry received a total of $2.46B 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 5 employees, 150% higher than William White III LLC's reported 2 employees, and received an average PPP loan of $48,668, 91% higher than this company's loan of $25,496.
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Footnotes & Information
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