PPP Loan Data — Industry Products Company, Piqua, OH
Industry Products Company is a corporation located at 500 Statler Rd in Piqua, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,894,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 312 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST BANK RICHMOND
Industry Products Company received a Paycheck Protection Loan of $3.89M through FIRST BANK RICHMOND, which was approved in April, 2020.
Based on standard PPP eligibility rules, Industry Products Company's total 2019 payroll expenses were approximately $18.69M in order to qualify for the PPP loan amount received.
Based on their reported 312 jobs retained, this equals an estimated average yearly compensation of $59,908 per employee1.
Business Information - Industry Products Company in Piqua, OH
500 Statler Rd
Piqua, OH 45356
Other Motor Vehicle Parts Manufacturing (NAICS code 336390)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: OH-08
Similar Companies near Piqua
In the Piqua area, 2 businesses in the "Other Motor Vehicle Parts Manufacturing" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 312) and received an average PPP loan of $1,967,750 (compared to this company's $3.89M).
Similar Nearby Businesses Who Received PPP Funding:
Strong Plactics LLC
Industry PPP Comparison Statistics
Nationwide, 1,012 businesses in the "Other Motor Vehicle Parts Manufacturing" industry received a total of $430,804,983.00 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 33 employees, 89% lower than Industry Products Company's reported 312 employees, and received an average PPP loan of $425,697, 89% lower than this company's loan of $3.89M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!