PPP Loan Data — Meritech Blue, Inc., Cleveland, OH
Meritech Blue, Inc. is a corporation located at 5885 Grant Ave in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,591,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 188 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Meritech Blue, Inc. in Cleveland, OH received a Paycheck Protection Loan of $2.59M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Meritech Blue, Inc.'s total 2019 payroll expenses were approximately $12.44M in order to qualify for the PPP loan amount received.
Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $66,171 per employee1.
Business Information - Meritech Blue, Inc. in Cleveland, OH
5885 Grant Ave
Cleveland, OH 44105
Commercial Printing (except Screen and Books) (NAICS code 323111)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-11
Similar Companies near Cleveland
In the Cleveland area, 5 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 188) and received an average PPP loan of $571,269 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Foote Printing Co
Terrence Mollett DBA T&M Graphics
Newburgh Hts., OH
The Bernard Specialty Company
'M' Magazine LTD
Industry PPP Comparison Statistics
Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 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 12 employees, 94% lower than Meritech Blue, Inc.'s reported 188 employees, and received an average PPP loan of $149,024, 94% lower than this company's loan of $2.59M.
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