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PPP Loan Data — Cyrid Media Inc,
Cleveland, OH
Cyrid Media Inc
Entity: Corporation
Industry: Advertising Agencies
Location: Cleveland, OH
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Cyrid Media Inc is a corporation located at 26650 Renaissance Pkwy in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $94,273.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
7Loan Approved:
2020-04-07Lender:
THE HUNTINGTON NATIONAL BANKCyrid Media Inc received a Paycheck Protection Loan of $94,273 through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cyrid Media Inc's total 2019 payroll expenses were approximately $452,510 in order to qualify for the PPP loan amount received.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $64,644 per employee1.
Business Information - Cyrid Media Inc in Cleveland, OH
26650 Renaissance Pkwy
Cleveland, OH 44128
Business Industry
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: OH-11Similar Companies near Cleveland
In the Cleveland area, 3 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 7) and received an average PPP loan of $956,941 (compared to this company's $94,273).
Similar Nearby Businesses Who Received PPP Funding:
Marcus Thomas, LLC
Cleveland, OH
DK Marketing Group LLC
Cleveland, OH
Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 14% higher than Cyrid Media Inc's reported 7 employees, and received an average PPP loan of $126,253, 34% higher than this company's loan of $94,273.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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