PPP Loan Data — Modern Office Methods Inc, Blue Ash, OH
Modern Office Methods Inc is a subchapter s corporation located at 4747 Lake Forest Dr, Ste 200 in Blue Ash, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,684,600.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Modern Office Methods Inc received a Paycheck Protection Loan of $2.68M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Modern Office Methods Inc's total 2019 payroll expenses were approximately $12.89M in order to qualify for the PPP loan amount received.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $63,167 per employee1.
Business Information - Modern Office Methods Inc in Blue Ash, OH
4747 Lake Forest Dr, Ste 200
Blue Ash, OH 45242
Office Equipment Merchant Wholesalers (NAICS code 423420)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-01
Similar Companies near Blue Ash
In the Blue Ash area, 2 businesses in the "Office Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 189 employees (compared to this company's 204) and received an average PPP loan of $2,676,547 (compared to this company's $2.68M).
Similar Nearby Businesses Who Received PPP Funding:
Loth Holdings, LLC
Industry PPP Comparison Statistics
Nationwide, 1,297 businesses in the "Office Equipment Merchant Wholesalers" industry received a total of $267,348,840.00 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 15 employees, 93% lower than Modern Office Methods Inc's reported 204 employees, and received an average PPP loan of $206,129, 92% lower than this company's loan of $2.68M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!