PPP Loan Data — Beckett Gas, Inc., North Ridgeville, OH
Beckett Gas, Inc.
Location: North Ridgeville, OHTweet This • Search All PPP Data
Beckett Gas, Inc. is a corporation located at 38000 Beckett Parkway in North Ridgeville, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,093,235.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Beckett Gas, Inc. in North Ridgeville, OH received a Paycheck Protection Loan of $4.09M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Beckett Gas, Inc.'s total 2019 payroll expenses were approximately $19.65M in order to qualify for the PPP loan amount received.
Based on their reported 442 jobs retained, this equals an estimated average yearly compensation of $44,451 per employee1.
Business Information - Beckett Gas, Inc. in North Ridgeville, OH
38000 Beckett Parkway
North Ridgeville, OH 44039
Heating Equipment (except Warm Air Furnaces) Manufacturing (NAICS code 333414)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-07
Similar Companies near North Ridgeville
In the North Ridgeville area, 2 businesses in the "Heating Equipment (except Warm Air Furnaces) Manufacturing" industry received a PPP loan. These local businesses reported an average of 295 employees (compared to this company's 442) and received an average PPP loan of $3,159,768 (compared to this company's $4.09M).
Similar Nearby Businesses Who Received PPP Funding:
R. W. Beckett Corporation
North Ridgeville, OH
Industry PPP Comparison Statistics
Nationwide, 364 businesses in the "Heating Equipment (except Warm Air Furnaces) Manufacturing" industry received a total of $107,057,565.00 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 22 employees, 95% lower than Beckett Gas, Inc.'s reported 442 employees, and received an average PPP loan of $294,114, 93% lower than this company's loan of $4.09M.
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, 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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