PPP Loan Data — CAD Cpapital LLC, Warren, OH
CAD Cpapital LLC is a limited liability company (LLC) located at 3900 East Market St in Warren, Ohio that received a Coronavirus-related PPP loan from the SBA of $7,059,422.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
CAD Cpapital LLC in Warren, OH received a Paycheck Protection Loan of $7.06M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, CAD Cpapital LLC's total 2019 payroll expenses were approximately $33.89M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $67,770 per employee1.
Business Information - CAD Cpapital LLC in Warren, OH
3900 East Market St
Warren, OH 44484
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-13
Similar Companies near Warren
In the Warren area, 24 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 198 employees (compared to this company's 500) and received an average PPP loan of $1,779,993 (compared to this company's $7.06M).
Similar Nearby Businesses Who Received PPP Funding:
TSG Niles LLC
Covelli Enterprises, Inc.
Salvatores Cafe Inc
The Rig LLC
Raising Dough NC LLC
Ohio Pizza Company, LLC
KCB Pizza, LLC DBA Domino's Pizza
Overdrive Espresso LLC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than CAD Cpapital LLC's reported 500 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $7.06M.
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.
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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