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PPP Loan Data — Butech Bliss, Salem, OH

SBA PPP loan data, payroll data, and salaries for Butech Bliss
OH

Butech Bliss

Entity: Subchapter S Corporation

Industry: Rolling Mill and Other Metalworking Machinery Manufacturing

Location: Salem, OH

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Butech Bliss is a subchapter s corporation located at 550 S. Ellsworth Ave. in Salem, Ohio that received a Coronavirus-related PPP loan from the SBA of $5,089,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.09M

Jobs Retained:

317

Loan Approved:

2020-04-11

Lender:

KEYBANK NATIONAL ASSOCIATION

Butech Bliss received a Paycheck Protection Loan of $5.09M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Butech Bliss' total 2019 payroll expenses were approximately $24.43M in order to qualify for the PPP loan amount received.

Based on their reported 317 jobs retained, this equals an estimated average yearly compensation of $77,070 per employee1.

Because the loan received by Butech Bliss 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 - Butech Bliss in Salem, OH

Butech Bliss
550 S. Ellsworth Ave.
Salem, OH 44460

Business Industry

Rolling Mill and Other Metalworking Machinery Manufacturing (NAICS code 333519)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-06

Industry PPP Comparison Statistics

Nationwide, 330 businesses in the "Rolling Mill and Other Metalworking Machinery Manufacturing" industry received a total of $107,905,989.00 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 23 employees, 93% lower than Butech Bliss' reported 317 employees, and received an average PPP loan of $326,988, 94% lower than this company's loan of $5.09M.

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, 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.

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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/butech-bliss-salem-oh