PPP Loan Data — Onix Networking Corporation, Lakewood, OH
Onix Networking Corporation is a subchapter s corporation located at 18519 Detroit Road in Lakewood, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,426,200.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 225 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Onix Networking Corporation received a Paycheck Protection Loan of $3.43M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Onix Networking Corporation's total 2019 payroll expenses were approximately $16.45M in order to qualify for the PPP loan amount received.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $73,092 per employee1.
Business Information - Onix Networking Corporation in Lakewood, OH
18519 Detroit Road
Lakewood, OH 44107
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: NON-VETERANCongressional District: OH-09
Similar Companies near Lakewood
In the Lakewood area, 6 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 225) and received an average PPP loan of $599,391 (compared to this company's $3.43M).
Similar Nearby Businesses Who Received PPP Funding:
David Moran LLC
Acroment Technologies, LLC
JNS Associates LLC
Computer Systems Development Services, Inc.
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 96% lower than Onix Networking Corporation's reported 225 employees, and received an average PPP loan of $181,408, 95% lower than this company's loan of $3.43M.
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Footnotes & Information
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