PPP Loan Data — ETP International Inc, Cleveland, OH
ETP International Inc
Location: Cleveland, OHTweet This • Search All PPP Data
ETP International Inc is a corporation located at 4560 West 160th St in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,862,483.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
ETP International Inc in Cleveland, OH received a Paycheck Protection Loan of $2.86M through KeyBank 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, ETP International Inc's 2019 payroll expenses are estimated to be at least $13.74M.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $55,853 per employee1
Reported PPP Proceed Usage:
On the PPP application, ETP International Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,862,483
Business Information - ETP International Inc in Cleveland, OH
4560 West 160th St
Cleveland, OH 44135
Heating Equipment (except Warm Air Furnaces) Manufacturing
NAICS code 333414
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 539 businesses in the "Heating Equipment (except Warm Air Furnaces) Manufacturing" industry received a total of $134.6M 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 21 employees, 91% lower than ETP International Inc's reported 246 employees, and received an average PPP loan of $249,713, 91% lower than this company's loan of $2.86M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!