PPP Loan Data — Southeastern Equipment Co Inc, Cambridge, OH
Southeastern Equipment Co Inc
Entity: Subchapter S Corporation
Location: Cambridge, OHTweet This • Search All PPP Data
Southeastern Equipment Co Inc is a subchapter s corporation located at 10874 East Pike Rd in Cambridge, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,687,200.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Southeastern Equipment Co Inc in Cambridge, OH received a Paycheck Protection Loan of $3.69M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southeastern Equipment Co Inc's total 2019 payroll expenses were approximately $17.7M in order to qualify for the PPP loan amount received.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $72,239 per employee1.
Business Information - Southeastern Equipment Co Inc in Cambridge, OH
10874 East Pike Rd
Cambridge, OH 43725
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-06
Industry PPP Comparison Statistics
Nationwide, 1,830 businesses in the "Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers" industry received a total of $454,516,744.00 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 15 employees, 94% lower than Southeastern Equipment Co Inc's reported 245 employees, and received an average PPP loan of $248,370, 93% lower than this company's loan of $3.69M.
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Footnotes & Information
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