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PPP Loan Data — Liberty Casting Co, LLC,
Delaware, OH
Liberty Casting Co, LLC
Entity: Limited Liability Company (LLC)
Industry: Steel Foundries (except Investment)
Location: Delaware, OH
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Liberty Casting Co, LLC is a limited liability company (LLC) located at 550 Liberty Rd in Delaware, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,550,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
220Loan Approved:
2020-04-04Lender:
FIRST COMMONWEALTH BANKLiberty Casting Co, LLC in Delaware, OH received a Paycheck Protection Loan of $2.55M through FIRST COMMONWEALTH BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Liberty Casting Co, LLC's total 2019 payroll expenses were approximately $12.24M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $55,641 per employee1.
Business Information - Liberty Casting Co, LLC in Delaware, OH
550 Liberty Rd
Delaware, OH 43015
Business Industry
Steel Foundries (except Investment) (NAICS code 331513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-12Industry PPP Comparison Statistics
Nationwide, 137 businesses in the "Steel Foundries (except Investment)" industry received a total of $74,381,992.00 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 39 employees, 82% lower than Liberty Casting Co, LLC's reported 220 employees, and received an average PPP loan of $542,934, 79% lower than this company's loan of $2.55M.
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, 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.
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