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PPP Loan Data — CAD Concepts Inc,
Columbus, OH
CAD Concepts Inc
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Columbus, OH
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CAD Concepts Inc is a subchapter s corporation located at 2323 W 5th Ave in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $436,987.00 in February, 2021.
The company has reported itself as a White female owned business, and employed at least 21 people during the applicable loan loan period.
$ PPP Loan Information Loan #3497538506
Loan Size:
Jobs Retained:
21Loan Approved:
2021-02-24Loan Status:
Ongoing LoanLender:
The Union Bank CompanyCAD Concepts Inc in Columbus, OH received a Paycheck Protection Loan of $436,987 through The Union Bank Company, which was approved in February, 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 MoreUnderstanding 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 MoreBased 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, CAD Concepts Inc's 2019 payroll expenses are estimated to be at least $2.1M.
Based on their reported 21 jobs retained, this equals an estimated average yearly compensation of $99,883 per employee1
Reported PPP Proceed Usage:
On the PPP application, CAD Concepts Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $436,985
- Utilities: $1
Business Information - CAD Concepts Inc in Columbus, OH
2323 W 5th Ave
Columbus, OH 43204
Business Industry:
Engineering Services
NAICS code 541330
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Columbus
In the Columbus area, 4 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 21) and received an average PPP loan of $1,177,441 (compared to this company's $436,987).
Similar Nearby Businesses Who Received PPP Funding:
CAD Concepts Inc
Columbus, OH
Concept Engineering, Inc
Columbus, OH
CTL Engineering, Inc
Columbus, OH
Industry PPP Comparison Statistics
Nationwide, 42,663 businesses in the "Engineering Services" industry received a total of $8,979,081,062.00 in PPP loans. These businesses account for 0% 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, 33% lower than CAD Concepts Inc's reported 21 employees, and received an average PPP loan of $210,465, 52% lower than this company's loan of $436,987.
CAD Concepts Inc
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Columbus, OH
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CAD Concepts Inc is a subchapter s corporation located at 2323 West 5th Avenue Suite 120 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, and employed at least 23 people during the applicable loan loan period.
$ PPP Loan Information Loan #6254917004
Loan Size:
Jobs Retained:
23Loan Approved:
2020-04-06Loan Status:
Ongoing LoanLender:
The Union Bank CompanyCAD Concepts Inc in Columbus, OH received a Paycheck Protection Loan of $460,200 through The Union Bank Company, which was approved in April, 2020.
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 MoreUnderstanding 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 MoreBased 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, CAD Concepts Inc's 2019 payroll expenses are estimated to be at least $2.21M.
Based on their reported 23 jobs retained, this equals an estimated average yearly compensation of $96,042 per employee1
Reported PPP Proceed Usage:
On the PPP application, CAD Concepts Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $460,200
Business Information - CAD Concepts Inc in Columbus, OH
2323 West 5th Avenue Suite 120
Columbus, OH 43204
Business Industry:
Engineering Services
NAICS code 541330
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Columbus
In the Columbus area, 4 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 23) and received an average PPP loan of $1,177,441 (compared to this company's $460,200).
Similar Nearby Businesses Who Received PPP Funding:
CAD Concepts Inc
Columbus, OH
Concept Engineering, Inc
Columbus, OH
CTL Engineering, Inc
Columbus, OH
Industry PPP Comparison Statistics
Nationwide, 42,663 businesses in the "Engineering Services" industry received a total of $8,979,081,062.00 in PPP loans. These businesses account for 0% 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, 39% lower than CAD Concepts Inc's reported 23 employees, and received an average PPP loan of $210,465, 54% 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. 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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