Basco Manufacturing Company in Mason, OH - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Basco Manufacturing Company, Mason, OH

Basco Manufacturing Company

Entity: Corporation

Industry: Glass Product Manufacturing Made of Purchased Glass

Location: Mason, OH

Basco Manufacturing Company is a corporation located at 7201 Snider Rd in Mason, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,463,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

269

Loan Approved:

2020-04-06

Lender:

FIRST FINANCIAL BANK

Basco Manufacturing Company received a Paycheck Protection Loan of $2.46M through FIRST FINANCIAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Basco Manufacturing Company's total 2019 payroll expenses were approximately $11.83M in order to qualify for the PPP loan amount received.

Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $43,962 per employee¹.

Because the loan received by Basco Manufacturing Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Basco Manufacturing Company in Mason, OH

Basco Manufacturing Company
7201 Snider Rd
Mason, OH 45040

Business Industry

Glass Product Manufacturing Made of Purchased Glass (NAICS code 327215)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-01

Industry PPP Comparison Statistics

Nationwide, 737 businesses in the "Glass Product Manufacturing Made of Purchased Glass" industry received a total of $164,708,672.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 18 employees, 93% lower than Basco Manufacturing Company's reported 269 employees, and received an average PPP loan of $223,485, 91% 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.

Search FederalPay's Full PPP Loan Database

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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