PPP Loan Data — Select-Arc, Inc, Fort Loramie, OH
Select-Arc, Inc is a subchapter s corporation located at 600 Enterprise Drive in Fort Loramie, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,001,400.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PNC BANK, NATIONAL ASSOCIATION
Select-Arc, Inc received a Paycheck Protection Loan of $3M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Select-Arc, Inc's total 2019 payroll expenses were approximately $14.41M in order to qualify for the PPP loan amount received.
Unlike most businesses, Select-Arc, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Select-Arc, Inc in Fort Loramie, OH
600 Enterprise Drive
Fort Loramie, OH 45845
Welding and Soldering Equipment Manufacturing (NAICS code 333992)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-04
Industry PPP Comparison Statistics
Nationwide, 2,094 businesses in the "Welding and Soldering Equipment Manufacturing" industry received a total of $197,174,337.00 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 7 employees, and received an average PPP loan of $94,162, 97% lower than this company's loan of $3M.
FederalPay's PPP Information Policy
Footnotes & Information
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