PPP Loan Data — Field Aerospace, Inc.,
Cincinnati, OH
Field Aerospace, Inc.
Entity: Corporation
Industry: Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Location: Cincinnati, OH

Field Aerospace, Inc. is a corporation located at 8044 Montgomery Road in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,474,285.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
187Loan Approved:
2020-04-16Lender:
U.S. BANK, NATIONAL ASSOCIATIONField Aerospace, Inc. received a Paycheck Protection Loan of $3.47M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Field Aerospace, Inc.'s total 2019 payroll expenses were approximately $16.68M in order to qualify for the PPP loan amount received.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $89,180 per employee1.
Business Information - Field Aerospace, Inc. in Cincinnati, OH
8044 Montgomery Road
Cincinnati, OH 45236
Business Industry
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (NAICS code 334511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-02Industry PPP Comparison Statistics
Nationwide, 440 businesses in the "Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing" industry received a total of $190,897,230.00 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 26 employees, 86% lower than Field Aerospace, Inc.'s reported 187 employees, and received an average PPP loan of $433,857, 88% lower than this company's loan of $3.47M.
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.
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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