PPP Loan Data — Zidian Management Corp, Youngstown, OH
Zidian Management Corp is a subchapter s corporation located at 574 Mcclurg Rd in Youngstown, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,302,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 185 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Zidian Management Corp in Youngstown, OH received a Paycheck Protection Loan of $2.3M through The Huntington National Bank, 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, Zidian Management Corp's 2019 payroll expenses are estimated to be at least $11.05M.
Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $59,738 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zidian Management Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,302,400
Business Information - Zidian Management Corp in Youngstown, OH
574 Mcclurg Rd
Youngstown, OH 44512
All Other Miscellaneous Food Manufacturing
NAICS code 311999
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
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 Youngstown
In the Youngstown area, 2 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 185) and received an average PPP loan of $1,156,408 (compared to this company's $2.3M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 4,790 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $554.13M 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 13 employees, 93% lower than Zidian Management Corp's reported 185 employees, and received an average PPP loan of $115,685, 95% lower than this company's loan of $2.3M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!