FederalPay.org
PPP Loan Data — CAD Concepts Inc,
Columbus, OH
CAD Concepts Inc
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Columbus, OH
Tweet This
•
Search All PPP Data
CAD Concepts Inc is a subchapter s corporation located at 2323 West 5th Avenue in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $460,200.00 in April, 2020.
The company has reported itself as a White female owned business.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-06Lender:
THE UNION BANK COMPANYCAD Concepts Inc received a Paycheck Protection Loan of $460,200 through THE UNION BANK COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, CAD Concepts Inc's total 2019 payroll expenses were approximately $2.21M in order to qualify for the PPP loan amount received.
Unlike most businesses, CAD Concepts Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - CAD Concepts Inc in Columbus, OH
2323 West 5th Avenue
Columbus, OH 43204
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: OH-03Similar Companies near Columbus
In the Columbus area, 3 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 0) and received an average PPP loan of $1,424,259 (compared to this company's $460,200).
Similar Nearby Businesses Who Received PPP Funding:
CTL Engineering, Inc.
Columbus, OH
Concept Engineering, Inc.
Columbus, OH
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, and received an average PPP loan of $249,856, 46% lower than this company's loan of $460,200.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!