PPP Loan Data — Barnes Dennig & Co Limited, Cincinnati, OH
Barnes Dennig & Co Limited is a limited liability company (LLC) located at 150 E 4th St in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,462,200.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Barnes Dennig & Co Limited received a Paycheck Protection Loan of $2.46M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Barnes Dennig & Co Limited's total 2019 payroll expenses were approximately $11.82M in order to qualify for the PPP loan amount received.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $87,545 per employee1.
Business Information - Barnes Dennig & Co Limited in Cincinnati, OH
150 E 4th St
Cincinnati, OH 45202
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-01
Similar Companies near Cincinnati
In the Cincinnati area, 10 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 135) and received an average PPP loan of $441,382 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
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Buschle + Fairbanks Inc
Michael A Rolf, CPA & Company
Burke & Schindler, Pll
Mellott & Mellott, P.L.L.
Shriver & Company, Psc
Richard J Kruse CPA, Inc
Whitmer & Company CPAS, LLP
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 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 6 employees, 96% lower than Barnes Dennig & Co Limited's reported 135 employees, and received an average PPP loan of $88,968, 96% lower than this company's loan of $2.46M.
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.
Footnotes & Information
1. 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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