PPP Loan Data — ROW Electrical Equipment Inc, Toledo, OH
ROW Electrical Equipment Inc
Location: Toledo, OHTweet This • Search All PPP Data
ROW Electrical Equipment Inc is a corporation located at 3300 Bishop St in Toledo, Ohio that received a Coronavirus-related PPP loan from the SBA of $107,358.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least eight people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
ROW Electrical Equipment Inc received a Paycheck Protection Loan of $107,358 through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, ROW Electrical Equipment Inc's total 2019 payroll expenses were approximately $515,318 in order to qualify for the PPP loan amount received.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $64,415 per employee1.
Business Information - ROW Electrical Equipment Inc in Toledo, OH
3300 Bishop St
Toledo, OH 43606
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-09
Similar Companies near Toledo
In the Toledo area, 6 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 8) and received an average PPP loan of $827,327 (compared to this company's $107,358).
Similar Nearby Businesses Who Received PPP Funding:
Schneider Sons' Electric Corp
BrysonTucker Electric, LLC
Laibe Electric Co.
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 50% higher than ROW Electrical Equipment Inc's reported 8 employees, and received an average PPP loan of $181,171, 69% higher than this company's loan of $107,358.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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