PPP Loan Data — Precision Pipeline LLC, Lancaster, OH
Precision Pipeline LLC
Entity: Limited Liability Company (LLC)
Location: Lancaster, OHTweet This • Search All PPP Data
Precision Pipeline LLC is a limited liability company (LLC) located at 10 Whiley Rd in Lancaster, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,961,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 173 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Precision Pipeline LLC in Lancaster, OH received a Paycheck Protection Loan of $2.96M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Precision Pipeline LLC's total 2019 payroll expenses were approximately $14.21M in order to qualify for the PPP loan amount received.
Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $82,163 per employee1.
Business Information - Precision Pipeline LLC in Lancaster, OH
10 Whiley Rd
Lancaster, OH 43130
Oil and Gas Pipeline and Related Structures Construction (NAICS code 237120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-15
Industry PPP Comparison Statistics
Nationwide, 1,513 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $689,155,003.00 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 26 employees, 85% lower than Precision Pipeline LLC's reported 173 employees, and received an average PPP loan of $455,489, 85% lower than this company's loan of $2.96M.
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Footnotes & Information
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