PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Safety Tech Inc, Cincinnati, OH

ALERT: There are 2 PPP loans for a total of $7,150 in our database for businesses with the name "Safety Tech Inc" in Cincinnati, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Safety Tech Inc
OH

Safety Tech Inc

Entity: Subchapter S Corporation

Industry: Research and Development in Biotechnology (except Nanobiotechnology)

Location: Cincinnati, OH

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Safety Tech Inc is a subchapter s corporation located in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,750.00 in March, 2021.

$ PPP Loan Information
Loan #6746858503

Loan Size:

$3,750

Jobs Retained:

1

Loan Approved:

2021-03-04

Loan Status:

Paid in Full or Forgiven

Lender:

KeyBank National Association

Safety Tech Inc in Cincinnati, OH received a Paycheck Protection Loan of $3,750 through KeyBank National Association, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Safety Tech Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,747
  • Utilities: $1

Business Information - Safety Tech Inc in Cincinnati, OH

Safety Tech Inc
Cincinnati, OH
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hamilton County, OH — SBA Office 0593 — Congressional District: OH-02

Similar Companies near Cincinnati

In the Cincinnati area, 3 businesses in the "Research and Development in Biotechnology (except Nanobiotechnology)" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $19,583 (compared to this company's $3,750).

Industry PPP Comparison Statistics

Nationwide, 3,343 businesses in the "Research and Development in Biotechnology (except Nanobiotechnology)" industry received a total of $567.76M 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 12 employees, 1100% higher than Safety Tech Inc's reported 1 employees, and received an average PPP loan of $169,835, 4429% higher than this company's loan of $3,750.

SBA PPP loan data, payroll data, and salaries for Safety Tech, Inc
OH

Safety Tech, Inc

Entity: Subchapter S Corporation

Industry: Engineering Services

Location: Cincinnati, OH

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Safety Tech, Inc is a subchapter s corporation located in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,400.00 in April, 2020.

$ PPP Loan Information
Loan #4790427102

Loan Size:

$3,400

Jobs Retained:

1

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

KeyBank National Association

Safety Tech, Inc in Cincinnati, OH received a Paycheck Protection Loan of $3,400 through KeyBank National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Safety Tech, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,400

Business Information - Safety Tech, Inc in Cincinnati, OH

Safety Tech, Inc
Cincinnati, OH
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Engineering Services
NAICS code 541330

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hamilton County, OH — SBA Office 0593 — Congressional District: OH-02

Similar Companies near Cincinnati

In the Cincinnati area, 22 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 1) and received an average PPP loan of $151,625 (compared to this company's $3,400).

Industry PPP Comparison Statistics

Nationwide, 46,564 businesses in the "Engineering Services" industry received a total of $9.17B 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 13 employees, 1200% higher than Safety Tech, Inc's reported 1 employees, and received an average PPP loan of $196,985, 5694% higher than this company's loan of $3,400.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/safety-tech-inc-cincinnati-oh