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PPP Loan Data — Onix Networking Corporation,
Lakewood, OH
Onix Networking Corporation
Entity: Subchapter S Corporation
Industry: Computer Systems Design Services
Location: Lakewood, OH
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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
Loan Size:
Jobs Retained:
225Loan Approved:
2020-04-11Lender:
THE HUNTINGTON NATIONAL BANKOnix 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
Business Industry
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: Unreported
Veteran Status: NON-VETERAN
Congressional District: OH-09Similar 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
Lakewood, OH
Acroment Technologies, LLC
Lakewood, OH
JNS Associates LLC
Lakewood, OH
Computer Systems Development Services, Inc.
Lakewood, OH
Aaron Chandler
Cleveland, OH
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.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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