PPP Loan Data — Grube Inc, Defiance, OH
Grube Inc is a subchapter s corporation located at 607 W Third St in Defiance, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,206,550.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Grube Inc received a Paycheck Protection Loan of $4.21M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Grube Inc's total 2019 payroll expenses were approximately $20.19M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $40,383 per employee1.
Business Information - Grube Inc in Defiance, OH
607 W Third St
Defiance, OH 43512
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-05
Similar Companies near Defiance
In the Defiance area, 21 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 500) and received an average PPP loan of $301,512 (compared to this company's $4.21M).
Similar Nearby Businesses Who Received PPP Funding:
Clubhouse Pizza LLC
Eric X Zhang Enterprises LLC
Boone Creek Investments LLC
Erie Bay Investments Inc
Miami And Erie Bar And Grill
Kissner's Restaurant Inc
Falcon Nest, LLC
Primos Italian Restaurant And Lounge, Inc.
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Grube Inc's reported 500 employees, and received an average PPP loan of $116,685, 97% lower than this company's loan of $4.21M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!