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PPP Loan Data — Delta Systems, Inc., Streetsboro, OH

SBA PPP loan data, payroll data, and salaries for Delta Systems, Inc.
OH

Delta Systems, Inc.

Entity: Subchapter S Corporation

Industry: All Other Miscellaneous Electrical Equipment and Component Manufacturing

Location: Streetsboro, OH

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Delta Systems, Inc. is a subchapter s corporation located at 1734 Frost Road in Streetsboro, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,758,022.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.76M

Jobs Retained:

188

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Delta Systems, Inc. received a Paycheck Protection Loan of $2.76M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Delta Systems, Inc.'s total 2019 payroll expenses were approximately $13.24M in order to qualify for the PPP loan amount received.

Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $70,418 per employee1.

Because the loan received by Delta Systems, 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 - Delta Systems, Inc. in Streetsboro, OH

Delta Systems, Inc.
1734 Frost Road
Streetsboro, OH 44241

Business Industry

All Other Miscellaneous Electrical Equipment and Component Manufacturing (NAICS code 335999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-13

Industry PPP Comparison Statistics

Nationwide, 1,412 businesses in the "All Other Miscellaneous Electrical Equipment and Component Manufacturing" industry received a total of $338,887,280.00 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 18 employees, 90% lower than Delta Systems, Inc.'s reported 188 employees, and received an average PPP loan of $240,005, 91% lower than this company's loan of $2.76M.

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.

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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/delta-systems-inc-streetsboro-oh