PPP Loan Data — Competitive Interiors, Inc., Ravenna, OH
Competitive Interiors, Inc. is a subchapter s corporation located at 625 Enterprise Parkway in Ravenna, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,539,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 135 people during the applicable loan loan period.
$ PPP Loan Information
Competitive Interiors, Inc. in Ravenna, OH received a Paycheck Protection Loan of $2.54M through PREMIER BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Competitive Interiors, Inc.'s total 2019 payroll expenses were approximately $12.19M in order to qualify for the PPP loan amount received.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $90,283 per employee1.
Business Information - Competitive Interiors, Inc. in Ravenna, OH
625 Enterprise Parkway
Ravenna, OH 44266
Drywall and Insulation Contractors (NAICS code 238310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-13
Similar Companies near Ravenna
In the Ravenna area, 3 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 135) and received an average PPP loan of $849,490 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
Ben Plough Interiors
Kenneth S Roa
Industry PPP Comparison Statistics
Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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 14 employees, 90% lower than Competitive Interiors, Inc.'s reported 135 employees, and received an average PPP loan of $192,711, 92% lower than this company's loan of $2.54M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!