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PPP Loan Data — Infrastructure Management And Engineering Inc,
Cincinnati, OH
Infrastructure Management And Engineering Inc
Entity: Corporation
Industry: Engineering Services
Location: Cincinnati, OH
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Infrastructure Management And Engineering Inc is a corporation located at 2300 E Kemper Rd Unit A17 in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $21,417.00 in February, 2021.
The company has reported itself as an Asian male owned business, and employed at least five people during the applicable loan loan period.
$
PPP Loan Information
Loan #3018548404
Loan Size:
Jobs Retained:
5Loan Approved:
2021-02-04Loan Status:
Paid in Full or ForgivenLender:
Fifth Third BankInfrastructure Management And Engineering Inc in Cincinnati, OH received a Paycheck Protection Loan of $21,417 through Fifth Third Bank, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Infrastructure Management And Engineering Inc's 2019 payroll expenses are estimated to be at least $102,802.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $20,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Infrastructure Management And Engineering Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,415
- Utilities: $1
Business Information - Infrastructure Management And Engineering Inc in Cincinnati, OH
2300 E Kemper Rd Unit A17
Cincinnati, OH 45241
Business Industry:
Engineering Services
NAICS code 541330
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Cincinnati
In the Cincinnati area, 25 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 5) and received an average PPP loan of $346,803 (compared to this company's $21,417).
Similar Nearby Businesses Who Received PPP Funding:
Eco Engineering, Inc
Cincinnati, OH
Mangano Consulting Inc
Montgomery, OH
Acutek Associates LLC
Blue Ash, OH
Virgil Winkler
Cincinnati, OH
BSI Engineering, LLC
Cincinnati, OH
Electrol Systems Inc
Cincinnati, OH
New Technic LLC DBA Kbd Technic
Cincinnati, OH
Adena Utilities Engineering Inc
Blue Ash, OH
PMC Smart Solutions LLC
Blue Ash, OH
Industry PPP Comparison Statistics
Nationwide, 46,563 businesses in the "Engineering Services" industry received a total of $9.17B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 160% higher than Infrastructure Management And Engineering Inc's reported 5 employees, and received an average PPP loan of $196,989, 820% higher than this company's loan of $21,417.
Infrastructure Management And Engineering Inc
Entity: Corporation
Industry: Process, Physical Distribution, and Logistics Consulting Services
Location: Cincinnati, OH
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Infrastructure Management And Engineering Inc is a corporation located at 2300 E Kemper Rd Unit A17 in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $50,000.00 in May, 2020.
The company has reported itself as an Asian male owned business, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #1169167802
Loan Size:
Jobs Retained:
4Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
Fifth Third BankInfrastructure Management And Engineering Inc in Cincinnati, OH received a Paycheck Protection Loan of $50,000 through Fifth Third Bank, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Infrastructure Management And Engineering Inc's 2019 payroll expenses are estimated to be at least $240,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Infrastructure Management And Engineering Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $50,000
Business Information - Infrastructure Management And Engineering Inc in Cincinnati, OH
2300 E Kemper Rd Unit A17
Cincinnati, OH 45241
Business Industry:
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Cincinnati
In the Cincinnati area, 8 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 4) and received an average PPP loan of $624,275 (compared to this company's $50,000).
Similar Nearby Businesses Who Received PPP Funding:
Fleetshare Pro LLC
Cincinnati, OH
New Growth Advisors, Inc
Cincinnati, OH
QC Software, LLC
Cincinnati, OH
Tytek Industries Inc
Cincinnati, OH
New Era Logistics Inc
Blue Ash, OH
Caruso, Inc
Cincinnati, OH
Mamoudou Ouedraogo
Cincinnati, OH
Industry PPP Comparison Statistics
Nationwide, 10,174 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $912.64M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 100% higher than Infrastructure Management And Engineering Inc's reported 4 employees, and received an average PPP loan of $89,703, 79% higher than this company's loan of $50,000.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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