PPP Loan Data — The Equity Engineering Group, Inc., Beachwood, OH
The Equity Engineering Group, Inc.
Entity: Subchapter S Corporation
Location: Beachwood, OHTweet This • Search All PPP Data
The Equity Engineering Group, Inc. is a subchapter s corporation located at 20600 Chagrin Blvd., Suite 1200 in Beachwood, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,457,986.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
The Equity Engineering Group, Inc. received a Paycheck Protection Loan of $2.46M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Equity Engineering Group, Inc.'s total 2019 payroll expenses were approximately $11.8M in order to qualify for the PPP loan amount received.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $84,274 per employee1.
Business Information - The Equity Engineering Group, Inc. in Beachwood, OH
20600 Chagrin Blvd., Suite 1200
Beachwood, OH 44122
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
Similar Companies near Beachwood
In the Beachwood area, 5 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 140) and received an average PPP loan of $757,910 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
BSA Environmental Services
J Chones Co LTD
Suresite Consulting Group, LLC
Industry PPP Comparison Statistics
Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 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, 95% lower than The Equity Engineering Group, Inc.'s reported 140 employees, and received an average PPP loan of $104,882, 96% lower than this company's loan of $2.46M.
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Footnotes & Information
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