PPP Loan Data — Pennant Moldings, Inc, Sabina, OH
Pennant Moldings, Inc
Entity: Subchapter S Corporation
Location: Sabina, OHTweet This • Search All PPP Data
Pennant Moldings, Inc is a subchapter s corporation located at 12381 Route 22 East in Sabina, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,500,942.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 244 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Pennant Moldings, Inc in Sabina, OH received a Paycheck Protection Loan of $2.5M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pennant Moldings, Inc's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $49,199 per employee1.
Business Information - Pennant Moldings, Inc in Sabina, OH
12381 Route 22 East
Sabina, OH 45169
Metal Crown, Closure, and Other Metal Stamping (except Automotive) (NAICS code 332119)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-15
Industry PPP Comparison Statistics
Nationwide, 688 businesses in the "Metal Crown, Closure, and Other Metal Stamping (except Automotive)" industry received a total of $316,503,616.00 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 35 employees, 86% lower than Pennant Moldings, Inc's reported 244 employees, and received an average PPP loan of $460,034, 82% lower than this company's loan of $2.5M.
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Footnotes & Information
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