PPP Loan Data — Steere Enterprises, Inc., Tallmadge, OH
Steere Enterprises, Inc. is a subchapter s corporation located at 285 Commerce Street in Tallmadge, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,559,316.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 209 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
Steere Enterprises, Inc. received a Paycheck Protection Loan of $2.56M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Steere Enterprises, Inc.'s total 2019 payroll expenses were approximately $12.28M in order to qualify for the PPP loan amount received.
Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $58,779 per employee1.
Business Information - Steere Enterprises, Inc. in Tallmadge, OH
285 Commerce Street
Tallmadge, OH 44278
Surgical and Medical Instrument Manufacturing (NAICS code 339112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-13
Industry PPP Comparison Statistics
Nationwide, 2,193 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $649,163,907.00 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 18 employees, 91% lower than Steere Enterprises, Inc.'s reported 209 employees, and received an average PPP loan of $296,016, 88% lower than this company's loan of $2.56M.
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Footnotes & Information
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