PPP Loan Data — Ohio Gratings Inc, Canton, OH
Ohio Gratings Inc
Location: Canton, OHTweet This • Search All PPP Data
Ohio Gratings Inc is a corporation located at 5299 Southway St Sw in Canton, Ohio that received a Coronavirus-related PPP loan from the SBA of $5,174,700.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Ohio Gratings Inc in Canton, OH received a Paycheck Protection Loan of $5.17M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ohio Gratings Inc's total 2019 payroll expenses were approximately $24.84M in order to qualify for the PPP loan amount received.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $55,197 per employee1.
Business Information - Ohio Gratings Inc in Canton, OH
5299 Southway St Sw
Canton, OH 44706
Ornamental and Architectural Metal Work Manufacturing (NAICS code 332323)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-07
Similar Companies near Canton
In the Canton area, 2 businesses in the "Ornamental and Architectural Metal Work Manufacturing" industry received a PPP loan. These local businesses reported an average of 242 employees (compared to this company's 450) and received an average PPP loan of $2,827,000 (compared to this company's $5.17M).
Similar Nearby Businesses Who Received PPP Funding:
Ohio Gratings Texas Limited
Industry PPP Comparison Statistics
Nationwide, 1,145 businesses in the "Ornamental and Architectural Metal Work Manufacturing" industry received a total of $234,885,319.00 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 14 employees, 97% lower than Ohio Gratings Inc's reported 450 employees, and received an average PPP loan of $205,140, 96% lower than this company's loan of $5.17M.
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Footnotes & Information
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