PPP Loan Data — The Smithers Group, Inc., Akron, OH
The Smithers Group, Inc.
Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Location: Akron, OHTweet This • Search All PPP Data
The Smithers Group, Inc. is a corporation located at 121 South Main Street in Akron, Ohio that received a Coronavirus-related PPP loan from the SBA of $6,149,577.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:KEYBANK NATIONAL ASSOCIATION
The Smithers Group, Inc. received a Paycheck Protection Loan of $6.15M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Smithers Group, Inc.'s total 2019 payroll expenses were approximately $29.52M in order to qualify for the PPP loan amount received.
Unlike most businesses, The Smithers Group, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - The Smithers Group, Inc. in Akron, OH
121 South Main Street
Akron, OH 44308
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
Industry PPP Comparison Statistics
Nationwide, 2,580 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a total of $574,978,946.00 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 12 employees, and received an average PPP loan of $222,860, 96% lower than this company's loan of $6.15M.
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Footnotes & Information
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