PPP Loan Data — Webster Industries, Inc, Tiffin, OH
Webster Industries, Inc is an employee stock ownership plan (esop) located at 325 Hall St in Tiffin, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,234,100.00 in April, 2020.
$ PPP Loan Information
Webster Industries, Inc in Tiffin, OH received a Paycheck Protection Loan of $4.23M through COMMERCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Webster Industries, Inc's total 2019 payroll expenses were approximately $20.32M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $81,295 per employee1.
Business Information - Webster Industries, Inc in Tiffin, OH
325 Hall St
Tiffin, OH 44883
Conveyor and Conveying Equipment Manufacturing (NAICS code 333922)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-04
Industry PPP Comparison Statistics
Nationwide, 409 businesses in the "Conveyor and Conveying Equipment Manufacturing" industry received a total of $209,433,358.00 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 30 employees, 88% lower than Webster Industries, Inc's reported 250 employees, and received an average PPP loan of $512,062, 88% lower than this company's loan of $4.23M.
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Footnotes & Information
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