PPP Loan Data — Seepex Inc, Enon, OH
Location: Enon, OHTweet This • Search All PPP Data
Seepex Inc is a corporation located at 511 Speedway Drive in Enon, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,033,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Seepex Inc in Enon, OH received a Paycheck Protection Loan of $2.03M 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, Seepex Inc's 2019 payroll expenses are estimated to be at least $9.76M.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $81,328 per employee1
Reported PPP Proceed Usage:
On the PPP application, Seepex Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,033,200
Business Information - Seepex Inc in Enon, OH
511 Speedway Drive
Enon, OH 45323
Measuring, Dispensing, and Other Pumping Equipment Manufacturing
NAICS code 333914
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 454 businesses in the "Measuring, Dispensing, and Other Pumping Equipment Manufacturing" industry received a total of $125.7M 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 21 employees, 83% lower than Seepex Inc's reported 120 employees, and received an average PPP loan of $276,882, 86% lower than this company's loan of $2.03M.
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Footnotes & Information
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