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PPP Loan Data — Cohen & Company, LTD,
Cleveland, OH
Cohen & Company, LTD
Entity: Limited Liability Company (LLC)
Industry: Offices of Certified Public Accountants
Location: Cleveland, OH
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Cohen & Company, LTD is a limited liability company (LLC) located at 1350 Euclid Ave in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $8,259,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
474Loan Approved:
2020-04-09Lender:
DOLLAR BANK, A FEDERAL SAVINGS BANKCohen & Company, LTD in Cleveland, OH received a Paycheck Protection Loan of $8.26M through DOLLAR BANK, A FEDERAL SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cohen & Company, LTD's total 2019 payroll expenses were approximately $39.64M in order to qualify for the PPP loan amount received.
Based on their reported 474 jobs retained, this equals an estimated average yearly compensation of $83,637 per employee1.
Business Information - Cohen & Company, LTD in Cleveland, OH
1350 Euclid Ave
Cleveland, OH 44115
Business Industry
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-11Similar Companies near Cleveland
In the Cleveland area, 19 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 474) and received an average PPP loan of $788,442 (compared to this company's $8.26M).
Similar Nearby Businesses Who Received PPP Funding:
Sampson & Associates, Inc.
Rocky River, OH
Maloney + Novotny LLC
Cleveland, OH
Rowland Connelly Joyce & Associates Inc.
Rocky River, OH
Organizational Accounting Corp
Rocky River, OH
Newman & Company, CPAS
Cleveland, OH
Lytkowski & Co., Inc.
Cleveland, OH
Pienta & Co., Inc.
Cleveland, OH
Schultz, Bertin & Co
Rocky River, OH
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 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 6 employees, 99% lower than Cohen & Company, LTD's reported 474 employees, and received an average PPP loan of $88,968, 99% lower than this company's loan of $8.26M.
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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