PPP Loan Data — Saec Kinetic Vision Inc, Cincinnati, OH
Saec Kinetic Vision Inc
Entity: Subchapter S Corporation
Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Location: Cincinnati, OHTweet This • Search All PPP Data
Saec Kinetic Vision Inc is a subchapter s corporation located at 10255 Evendale Commons Drive in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,193,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 166 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Saec Kinetic Vision Inc in Cincinnati, OH received a Paycheck Protection Loan of $2.19M through PNC Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Saec Kinetic Vision Inc's 2019 payroll expenses are estimated to be at least $10.53M.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $63,429 per employee1
Reported PPP Proceed Usage:
On the PPP application, Saec Kinetic Vision Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,193,600
Business Information - Saec Kinetic Vision Inc in Cincinnati, OH
10255 Evendale Commons Drive
Cincinnati, OH 45241
Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
NAICS code 541715
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cincinnati
In the Cincinnati area, 4 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 166) and received an average PPP loan of $910,873 (compared to this company's $2.19M).
Similar Nearby Businesses Who Received PPP Funding:
New Horizons Clinical Research, LLC
Blue Ash, OH
PA Technologies LLC
Industry PPP Comparison Statistics
Nationwide, 4,934 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a total of $828.3M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 93% lower than Saec Kinetic Vision Inc's reported 166 employees, and received an average PPP loan of $167,876, 92% lower than this company's loan of $2.19M.
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