PPP Loan Data — The Dearing Compressor And Pump Company, Youngstown, OH
The Dearing Compressor And Pump Company is a corporation located at 3974 Simon Rd in Youngstown, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,800,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 226 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST NATIONAL BANK OF PENNSYLVANIA
The Dearing Compressor And Pump Company in Youngstown, OH received a Paycheck Protection Loan of $3.8M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Dearing Compressor And Pump Company's total 2019 payroll expenses were approximately $18.24M in order to qualify for the PPP loan amount received.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $80,727 per employee1.
Business Information - The Dearing Compressor And Pump Company in Youngstown, OH
3974 Simon Rd
Youngstown, OH 44512
Air and Gas Compressor Manufacturing (NAICS code 333912)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-13
Industry PPP Comparison Statistics
Nationwide, 255 businesses in the "Air and Gas Compressor Manufacturing" industry received a total of $89,678,490.00 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 23 employees, 90% lower than The Dearing Compressor And Pump Company's reported 226 employees, and received an average PPP loan of $351,680, 91% lower than this company's loan of $3.8M.
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Footnotes & Information
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