PPP Loan Data — Cornerstone Researcg Group Inc, Miamisburg, OH
Cornerstone Researcg Group Inc
Location: Miamisburg, OHTweet This • Search All PPP Data
Cornerstone Researcg Group Inc is a corporation located at 510 Earl Blvd in Miamisburg, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,850,167.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 104 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers & Merchants Bank
Cornerstone Researcg Group Inc in Miamisburg, OH received a Paycheck Protection Loan of $1.85M through Farmers & Merchants Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Cornerstone Researcg Group Inc's 2019 payroll expenses are estimated to be at least $8.88M.
Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $85,392 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cornerstone Researcg Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,850,167
Business Information - Cornerstone Researcg Group Inc in Miamisburg, OH
510 Earl Blvd
Miamisburg, OH 45342
Research and Development in the Social Sciences and Humanities
NAICS code 541720
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miamisburg
In the Miamisburg area, 3 businesses in the "Research and Development in the Social Sciences and Humanities" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 104) and received an average PPP loan of $696,765 (compared to this company's $1.85M).
Similar Nearby Businesses Who Received PPP Funding:
Clinical Research Solutions, LLC
Industry PPP Comparison Statistics
Nationwide, 2,700 businesses in the "Research and Development in the Social Sciences and Humanities" industry received a total of $409.92M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 88% lower than Cornerstone Researcg Group Inc's reported 104 employees, and received an average PPP loan of $151,823, 92% lower than this company's loan of $1.85M.
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