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PPP Loan Data — Xenia Kidcare, LLC, Xenia, OH

SBA PPP loan data, payroll data, and salaries for Xenia Kidcare, LLC

FRANCHISE

OH

Xenia Kidcare, LLC

Entity: Partnership

Industry: Child Day Care Services

Franchise: YOUTHLAND ACADEMY

Location: Xenia, OH

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Xenia Kidcare, LLC is a partnership located at 415 Bellbrook Ave in Xenia, Ohio that received a Coronavirus-related PPP loan from the SBA of $51,677.00 in April, 2020. This business is a YOUTHLAND ACADEMY franchise.

$ PPP Loan Information
Loan #6511277004

Loan Size:

$51,677

Jobs Retained:

17

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

Farmers & Merchants Bank

Xenia Kidcare, LLC in Xenia, OH received a Paycheck Protection Loan of $51,677 through Farmers & Merchants Bank, 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 January, 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, Xenia Kidcare, LLC's 2019 payroll expenses are estimated to be at least $248,050.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $14,591 per employee1

Reported PPP Proceed Usage:

On the PPP application, Xenia Kidcare, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $51,677

Business Information - Xenia Kidcare, LLC in Xenia, OH

Xenia Kidcare, LLC
415 Bellbrook Ave
Xenia, OH 45385

Business Industry:
Child Day Care Services
NAICS code 624410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Greene County, OH — SBA Office 0593 — Congressional District: OH-10

Similar Companies near Xenia

In the Xenia area, 10 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 17) and received an average PPP loan of $57,084 (compared to this company's $51,677).

Industry PPP Comparison Statistics

Nationwide, 128,982 businesses in the "Child Day Care Services" industry received a total of $5.47B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 53% lower than Xenia Kidcare, LLC's reported 17 employees, and received an average PPP loan of $42,417, 18% lower than this company's loan of $51,677.

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.

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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/xenia-kidcare-llc-xenia-oh