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PPP Loan Data — Precision Pipeline LLC, Lancaster, OH

SBA PPP loan data, payroll data, and salaries for Precision Pipeline LLC

Precision Pipeline LLC

Entity: Limited Liability Company (LLC)

Industry: Oil and Gas Pipeline and Related Structures Construction

Location: Lancaster, OH

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Precision Pipeline LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Precision Pipeline LLC in Lancaster, OH

Precision Pipeline LLC
10 Whiley Rd
Lancaster, OH 43130

Business Industry

Oil and Gas Pipeline and Related Structures Construction (NAICS code 237120)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: NON-VETERAN

Congressional 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.

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, and is published unmodified, as provided by the SBA.

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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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