PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Allied Machine & Engineering Corp, Dover, OH

SBA PPP loan data, payroll data, and salaries for Allied Machine & Engineering Corp
OH

Allied Machine & Engineering Corp

Entity: Subchapter S Corporation

Industry: Cutting Tool and Machine Tool Accessory Manufacturing

Location: Dover, OH

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Allied Machine & Engineering Corp is a subchapter s corporation located at 120 Deeds Drive in Dover, Ohio that received a Coronavirus-related PPP loan from the SBA of $6,469,230.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.47M

Jobs Retained:

434

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Allied Machine & Engineering Corp in Dover, OH received a Paycheck Protection Loan of $6.47M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Allied Machine & Engineering Corp's total 2019 payroll expenses were approximately $31.05M in order to qualify for the PPP loan amount received.

Based on their reported 434 jobs retained, this equals an estimated average yearly compensation of $71,549 per employee1.

Because the loan received by Allied Machine & Engineering Corp 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 - Allied Machine & Engineering Corp in Dover, OH

Allied Machine & Engineering Corp
120 Deeds Drive
Dover, OH 44622

Business Industry

Cutting Tool and Machine Tool Accessory Manufacturing (NAICS code 333515)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-07

Similar Companies near Dover

In the Dover area, 2 businesses in the "Cutting Tool and Machine Tool Accessory Manufacturing" industry received a PPP loan. These local businesses reported an average of 225 employees (compared to this company's 434) and received an average PPP loan of $3,357,961 (compared to this company's $6.47M).

Similar Nearby Businesses Who Received PPP Funding:

Superion Allied LLC
Dover, OH

$246,692 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 987 businesses in the "Cutting Tool and Machine Tool Accessory Manufacturing" industry received a total of $240,488,771.00 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 17 employees, 96% lower than Allied Machine & Engineering Corp's reported 434 employees, and received an average PPP loan of $243,656, 96% lower than this company's loan of $6.47M.

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.

Search FederalPay's Full PPP Loan Database

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/allied-machine-and-engineering-corp-dover-oh