PPP Loan Data — Fort Recovery Industries Inc, Fort Recovery, OH
Fort Recovery Industries Inc is a corporation located at 2440 State Route 49 in Fort Recovery, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,546,316.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Fort Recovery Industries Inc in Fort Recovery, OH received a Paycheck Protection Loan of $3.55M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fort Recovery Industries Inc's total 2019 payroll expenses were approximately $17.02M in order to qualify for the PPP loan amount received.
Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $51,583 per employee1.
Business Information - Fort Recovery Industries Inc in Fort Recovery, OH
2440 State Route 49
Fort Recovery, OH 45846
Nonferrous Metal Die-Casting Foundries (NAICS code 331523)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-08
Industry PPP Comparison Statistics
Nationwide, 236 businesses in the "Nonferrous Metal Die-Casting Foundries" industry received a total of $134,971,600.00 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 46 employees, 86% lower than Fort Recovery Industries Inc's reported 330 employees, and received an average PPP loan of $571,914, 84% lower than this company's loan of $3.55M.
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Footnotes & Information
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