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PPP Loan Data — Empower Mediamarketing, Inc., Cincinnati, OH

SBA PPP loan data, payroll data, and salaries for Empower Mediamarketing, Inc.
OH

Empower Mediamarketing, Inc.

Entity: Corporation

Industry: Marketing Consulting Services

Location: Cincinnati, OH

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Empower Mediamarketing, Inc. is a corporation located at 15 East 14th St in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,682,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.68M

Jobs Retained:

204

Loan Approved:

2020-04-15

Lender:

FIFTH THIRD BANK

Empower Mediamarketing, Inc. in Cincinnati, OH received a Paycheck Protection Loan of $3.68M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Empower Mediamarketing, Inc.'s total 2019 payroll expenses were approximately $17.67M in order to qualify for the PPP loan amount received.

Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $86,635 per employee1.

Because the loan received by Empower Mediamarketing, 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 - Empower Mediamarketing, Inc. in Cincinnati, OH

Empower Mediamarketing, Inc.
15 East 14th St
Cincinnati, OH 45202

Business Industry

Marketing Consulting Services (NAICS code 541613)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-01

Similar Companies near Cincinnati

In the Cincinnati area, 21 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 204) and received an average PPP loan of $277,210 (compared to this company's $3.68M).

Industry PPP Comparison Statistics

Nationwide, 30,514 businesses in the "Marketing Consulting Services" industry received a total of $1,952,010,997.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Empower Mediamarketing, Inc.'s reported 204 employees, and received an average PPP loan of $63,971, 98% lower than this company's loan of $3.68M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/empower-mediamarketing-inc-cincinnati-oh