PPP Loan Data — Prentype Romich Company, Wooster, OH
Prentype Romich Company
Entity: Subchapter S Corporation
Location: Wooster, OHTweet This • Search All PPP Data
Prentype Romich Company is a subchapter s corporation located at 1022 Heyl Rd in Wooster, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,365,000.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Prentype Romich Company in Wooster, OH received a Paycheck Protection Loan of $3.37M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Prentype Romich Company's total 2019 payroll expenses were approximately $16.15M in order to qualify for the PPP loan amount received.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $72,430 per employee1.
Business Information - Prentype Romich Company in Wooster, OH
1022 Heyl Rd
Wooster, OH 44691
Electromedical and Electrotherapeutic Apparatus Manufacturing (NAICS code 334510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-16
Industry PPP Comparison Statistics
Nationwide, 705 businesses in the "Electromedical and Electrotherapeutic Apparatus Manufacturing" industry received a total of $209,572,020.00 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 17 employees, 92% lower than Prentype Romich Company's reported 223 employees, and received an average PPP loan of $297,265, 91% lower than this company's loan of $3.37M.
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