PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Brilex Tech Services Inc, Youngstown, OH

ALERT: There are 2 PPP loans for a total of $6.12M in our database for businesses with the name "Brilex Tech Services Inc" in Youngstown, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Brilex Tech Services Inc
OH

Brilex Tech Services Inc

Entity: Corporation

Industry: Office Administrative Services

Location: Youngstown, OH

Search All PPP Data

Brilex Tech Services Inc is a corporation located at 1111 Crescent St in Youngstown, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

$ PPP Loan Information
Loan #6868358504

Loan Size:

$2M

Jobs Retained:

217

Loan Approved:

2021-03-04

Loan Status:

Ongoing Loan

Lender:

First National Bank of Pennsylvania

Brilex Tech Services Inc in Youngstown, OH received a Paycheck Protection Loan of $2M through First National Bank of Pennsylvania, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Brilex Tech Services Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $44,240 per employee1

Reported PPP Proceed Usage:

On the PPP application, Brilex Tech Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,997
  • Utilities: $1
Because the loan received by Brilex Tech Services 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 - Brilex Tech Services Inc in Youngstown, OH

Brilex Tech Services Inc
1111 Crescent St
Youngstown, OH 44502

Business Industry:
Office Administrative Services
NAICS code 561110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Mahoning County, OH — SBA Office 0549 — Congressional District: OH-13

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Brilex Tech Services Inc.

BBM Railway Equipment LLC
Other Industrial Machinery Manufacturing

$322,615 PPP Loan

Similar Companies near Youngstown

In the Youngstown area, 4 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 217) and received an average PPP loan of $1,552,052 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B 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 6 employees, 97% lower than Brilex Tech Services Inc's reported 217 employees, and received an average PPP loan of $53,548, 97% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Brilex Tech Services, Inc
OH

Brilex Tech Services, Inc

Entity: Corporation

Industry: Office Administrative Services

Location: Youngstown, OH

Search All PPP Data

Brilex Tech Services, Inc is a corporation located at 1111 Crescent St in Youngstown, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,123,600.00 in April, 2020.

$ PPP Loan Information
Loan #5675157005

Loan Size:

$4.12M

Jobs Retained:

245

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

First National Bank of Pennsylvania

Brilex Tech Services, Inc in Youngstown, OH received a Paycheck Protection Loan of $4.12M through First National Bank of Pennsylvania, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Brilex Tech Services, Inc's 2019 payroll expenses are estimated to be at least $19.79M.

Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $80,789 per employee1

Reported PPP Proceed Usage:

On the PPP application, Brilex Tech Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,123,600
Because the loan received by Brilex Tech Services, 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 - Brilex Tech Services, Inc in Youngstown, OH

Brilex Tech Services, Inc
1111 Crescent St
Youngstown, OH 44502

Business Industry:
Office Administrative Services
NAICS code 561110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Mahoning County, OH — SBA Office 0549 — Congressional District: OH-13

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Brilex Tech Services, Inc.

BBM Railway Equipment LLC
Other Industrial Machinery Manufacturing

$322,615 PPP Loan

Similar Companies near Youngstown

In the Youngstown area, 4 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 245) and received an average PPP loan of $1,552,052 (compared to this company's $4.12M).

Industry PPP Comparison Statistics

Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B 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 6 employees, 98% lower than Brilex Tech Services, Inc's reported 245 employees, and received an average PPP loan of $53,548, 99% lower than this company's loan of $4.12M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/brilex-tech-services-inc-youngstown-oh