PPP Loan Data — Anchor Tool & Die Co., Cleveland, OH
Anchor Tool & Die Co. is a subchapter s corporation located at 12200 Brookpark Road in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,146,922.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Anchor Tool & Die Co. in Cleveland, OH received a Paycheck Protection Loan of $3.15M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Anchor Tool & Die Co.'s total 2019 payroll expenses were approximately $15.11M in order to qualify for the PPP loan amount received.
Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $78,265 per employee1.
Business Information - Anchor Tool & Die Co. in Cleveland, OH
12200 Brookpark Road
Cleveland, OH 44130
Motor Vehicle Metal Stamping (NAICS code 336370)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-09
Similar Companies near Cleveland
In the Cleveland area, 3 businesses in the "Motor Vehicle Metal Stamping" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 193) and received an average PPP loan of $1,485,907 (compared to this company's $3.15M).
Similar Nearby Businesses Who Received PPP Funding:
Middleburg Heights, OH
Cleveland Die & Mftg Co., Inc
Industry PPP Comparison Statistics
Nationwide, 197 businesses in the "Motor Vehicle Metal Stamping" industry received a total of $211,847,677.00 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 76 employees, 61% lower than Anchor Tool & Die Co.'s reported 193 employees, and received an average PPP loan of $1.08M, 66% lower than this company's loan of $3.15M.
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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