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PPP Loan Data — The Dearing Compressor And Pump Company, Youngstown, OH

SBA PPP loan data, payroll data, and salaries for The Dearing Compressor And Pump Company

The Dearing Compressor And Pump Company

Entity: Corporation

Industry: Air and Gas Compressor Manufacturing

Location: Youngstown, OH

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by The Dearing Compressor And Pump Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Dearing Compressor And Pump Company in Youngstown, OH

The Dearing Compressor And Pump Company
3974 Simon Rd
Youngstown, OH 44512

Business Industry

Air and Gas Compressor Manufacturing (NAICS code 333912)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: NON-VETERAN

Congressional 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.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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** This Document Provided By - The Civil Employee's Resource **