PPP Loan Data — Reading Rock, Inc., Cincinnati, OH
Reading Rock, Inc.
Location: Cincinnati, OHTweet This • Search All PPP Data
Reading Rock, Inc. is a corporation located at 4600 Devitt Drive in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,672,407.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 254 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Reading Rock, Inc. received a Paycheck Protection Loan of $2.67M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Reading Rock, Inc.'s total 2019 payroll expenses were approximately $12.83M in order to qualify for the PPP loan amount received.
Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $50,502 per employee1.
Business Information - Reading Rock, Inc. in Cincinnati, OH
4600 Devitt Drive
Cincinnati, OH 45246
Clay Building Material and Refractories Manufacturing (NAICS code 327120)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: OH-01
Similar Companies near Cincinnati
In the Cincinnati area, 3 businesses in the "Clay Building Material and Refractories Manufacturing" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 254) and received an average PPP loan of $1,083,847 (compared to this company's $2.67M).
Similar Nearby Businesses Who Received PPP Funding:
Reading Rock Russell, LLC
Reading Rock Residential LLC
Industry PPP Comparison Statistics
Nationwide, 253 businesses in the "Clay Building Material and Refractories Manufacturing" industry received a total of $114,331,912.00 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 34 employees, 87% lower than Reading Rock, Inc.'s reported 254 employees, and received an average PPP loan of $451,905, 83% lower than this company's loan of $2.67M.
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