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PPP Loan Data — Beckett Gas, Inc., North Ridgeville, OH

SBA PPP loan data, payroll data, and salaries for Beckett Gas, Inc.
OH

Beckett Gas, Inc.

Entity: Corporation

Industry: Heating Equipment (except Warm Air Furnaces) Manufacturing

Location: North Ridgeville, OH

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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

Loan Size:

$4.09M

Jobs Retained:

442

Loan Approved:

2020-04-06

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.

Because the loan received by Beckett Gas, Inc. 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 - Beckett Gas, Inc. in North Ridgeville, OH

Beckett Gas, Inc.
38000 Beckett Parkway
North Ridgeville, OH 44039

Business Industry

Heating Equipment (except Warm Air Furnaces) Manufacturing (NAICS code 333414)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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

$2.23M PPP Loan

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/beckett-gas-inc-north-ridgeville-oh