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PPP Loan Data — Field Aerospace, Inc., 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:

$3.47M

Jobs Retained:

187

Loan Approved:

2020-04-16

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Field 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.

Because the loan received by Field Aerospace, 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 - Field Aerospace, Inc. in Cincinnati, OH

Field Aerospace, Inc.
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-02

Industry 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.

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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Source: www.federalpay.org/paycheck-protection-program/field-aerospace-inc-cincinnati-oh