PPP Loan Data — Enable Injections Inc, Cincinnati, OH
Enable Injections Inc is a corporation located at 2863 E Sharon Rd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,491,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Enable Injections Inc in Cincinnati, OH received a Paycheck Protection Loan of $2.49M through PNC Bank, National Association, which was approved in April, 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, Enable Injections Inc's 2019 payroll expenses are estimated to be at least $11.96M.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $80,257 per employee1
Reported PPP Proceed Usage:
On the PPP application, Enable Injections Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,491,300
Business Information - Enable Injections Inc in Cincinnati, OH
2863 E Sharon Rd
Cincinnati, OH 45241
Surgical and Medical Instrument Manufacturing
NAICS code 339112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cincinnati
In the Cincinnati area, 7 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 149) and received an average PPP loan of $538,132 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Pro Scope Systems
Queen City Med Mart Inc
Kempf Surgical Appliances, Inc
Pro Scope Systems
Blue Ash, OH
Save The Gonads LTD
Industry PPP Comparison Statistics
Nationwide, 3,435 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $858.13M 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 18 employees, 88% lower than Enable Injections Inc's reported 149 employees, and received an average PPP loan of $249,819, 90% lower than this company's loan of $2.49M.
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Footnotes & Information
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