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PPP Loan Data — CTL Engineering, Inc., Columbus, OH

SBA PPP loan data, payroll data, and salaries for CTL Engineering, Inc.
OH

CTL Engineering, Inc.

Entity: Employee Stock Ownership Plan (esop)

Industry: Engineering Services

Location: Columbus, OH

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CTL Engineering, Inc. is an employee stock ownership plan (esop) located at 2860 Fisher Rd in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,658,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.66M

Jobs Retained:

245

Loan Approved:

2020-04-15

Lender:

FIFTH THIRD BANK

CTL Engineering, Inc. in Columbus, OH received a Paycheck Protection Loan of $3.66M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, CTL Engineering, Inc.'s total 2019 payroll expenses were approximately $17.56M in order to qualify for the PPP loan amount received.

Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $71,679 per employee1.

Because the loan received by CTL Engineering, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - CTL Engineering, Inc. in Columbus, OH

CTL Engineering, Inc.
2860 Fisher Rd
Columbus, OH 43204

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-03

Similar Companies near Columbus

In the Columbus area, 3 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 245) and received an average PPP loan of $1,424,259 (compared to this company's $3.66M).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 94% lower than CTL Engineering, Inc.'s reported 245 employees, and received an average PPP loan of $249,856, 93% lower than this company's loan of $3.66M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/ctl-engineering-inc-columbus-oh