PPP Loan Data — LOU Ritenour Decorators, Inc, Twinsburg, OH
LOU Ritenour Decorators, Inc is a corporation located at 2066 Case Pkwy S in Twinsburg, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,425,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 142 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
LOU Ritenour Decorators, Inc received a Paycheck Protection Loan of $2.43M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, LOU Ritenour Decorators, Inc's total 2019 payroll expenses were approximately $11.64M in order to qualify for the PPP loan amount received.
Based on their reported 142 jobs retained, this equals an estimated average yearly compensation of $81,985 per employee1.
Business Information - LOU Ritenour Decorators, Inc in Twinsburg, OH
2066 Case Pkwy S
Twinsburg, OH 44087
Industrial Building Construction (NAICS code 236210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-14
Similar Companies near Twinsburg
In the Twinsburg area, 2 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 142) and received an average PPP loan of $1,218,577 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
RL Collins Trenching LLC
Industry PPP Comparison Statistics
Nationwide, 7,553 businesses in the "Industrial Building Construction" industry received a total of $1,532,091,139.00 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 13 employees, 91% lower than LOU Ritenour Decorators, Inc's reported 142 employees, and received an average PPP loan of $202,845, 92% lower than this company's loan of $2.43M.
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Footnotes & Information
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