PPP Loan Data — Allied Machine & Engineering Corp, Dover, OH
Allied Machine & Engineering Corp
Entity: Subchapter S Corporation
Location: Dover, OHTweet This • Search All PPP Data
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
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.
Business Information - Allied Machine & Engineering Corp in Dover, OH
120 Deeds Drive
Dover, OH 44622
Cutting Tool and Machine Tool Accessory Manufacturing (NAICS code 333515)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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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