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PPP Loan Data — Winner Aviation Corporation, Vienna, OH

ALERT: There are 2 PPP loans for a total of $1.59M in our database for businesses with the name "Winner Aviation Corporation" in Vienna, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Winner Aviation Corporation
OH

Winner Aviation Corporation

Entity: Corporation

Industry: Beer and Ale Merchant Wholesalers

Location: Vienna, OH

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Winner Aviation Corporation is a corporation located at 1453 Youngstown Kingsville Rd Ne in Vienna, Ohio that received a Coronavirus-related PPP loan from the SBA of $800,221.00 in February, 2021.

$ PPP Loan Information
Loan #6075448409

Loan Size:

$800,221

Jobs Retained:

156

Loan Approved:

2021-02-10

Loan Status:

Ongoing Loan

Lender:

IncredibleBank

Winner Aviation Corporation in Vienna, OH received a Paycheck Protection Loan of $800,221 through IncredibleBank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Winner Aviation Corporation's 2019 payroll expenses are estimated to be at least $3.84M.

Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $24,622 per employee1

Reported PPP Proceed Usage:

On the PPP application, Winner Aviation Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $800,221

Business Information - Winner Aviation Corporation in Vienna, OH

Winner Aviation Corporation
1453 Youngstown Kingsville Rd Ne
Vienna, OH 44473

Business Industry:
Beer and Ale Merchant Wholesalers
NAICS code 424810

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Trumbull County, OH — SBA Office 0549 — Congressional District: OH-13

Industry PPP Comparison Statistics

Nationwide, 1,381 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $609M 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 40 employees, 74% lower than Winner Aviation Corporation's reported 156 employees, and received an average PPP loan of $440,986, 45% lower than this company's loan of $800,221.

SBA PPP loan data, payroll data, and salaries for Winner Aviation Corporation
OH

Winner Aviation Corporation

Entity: Corporation

Industry: Other Airport Operations

Location: Vienna, OH

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Winner Aviation Corporation is a corporation located at 1453 Youngstown-kingsville Rd in Vienna, Ohio that received a Coronavirus-related PPP loan from the SBA of $789,200.00 in April, 2020.

$ PPP Loan Information
Loan #6744847206

Loan Size:

$789,200

Jobs Retained:

165

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

IncredibleBank

Winner Aviation Corporation in Vienna, OH received a Paycheck Protection Loan of $789,200 through IncredibleBank, which was approved in April, 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 February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Winner Aviation Corporation's 2019 payroll expenses are estimated to be at least $3.79M.

Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $22,959 per employee1

Reported PPP Proceed Usage:

On the PPP application, Winner Aviation Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $789,200

Business Information - Winner Aviation Corporation in Vienna, OH

Winner Aviation Corporation
1453 Youngstown-kingsville Rd
Vienna, OH 44473

Business Industry:
Other Airport Operations
NAICS code 488119

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Trumbull County, OH — SBA Office 0549 — Congressional District: OH-13

Industry PPP Comparison Statistics

Nationwide, 1,435 businesses in the "Other Airport Operations" industry received a total of $191.6M 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 15 employees, 91% lower than Winner Aviation Corporation's reported 165 employees, and received an average PPP loan of $133,516, 83% lower than this company's loan of $789,200.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/winner-aviation-corporation-vienna-oh