PPP Loan Data — Carlson Tool & Manufacturing Corp., Cedarburg, WI
Carlson Tool & Manufacturing Corp. is a subchapter s corporation located at W57n14386 Doerr Way in Cedarburg, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,633,700.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Carlson Tool & Manufacturing Corp. in Cedarburg, WI received a Paycheck Protection Loan of $2.63M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Carlson Tool & Manufacturing Corp.'s total 2019 payroll expenses were approximately $12.64M in order to qualify for the PPP loan amount received.
Based on their reported 142 jobs retained, this equals an estimated average yearly compensation of $89,026 per employee1.
Business Information - Carlson Tool & Manufacturing Corp. in Cedarburg, WI
W57n14386 Doerr Way
Cedarburg, WI 53012
Industrial Mold Manufacturing (NAICS code 333511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-06
Similar Companies near Cedarburg
In the Cedarburg area, 2 businesses in the "Industrial Mold Manufacturing" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 142) and received an average PPP loan of $1,346,434 (compared to this company's $2.63M).
Similar Nearby Businesses Who Received PPP Funding:
Joel Manufacturing, Inc.
Industry PPP Comparison Statistics
Nationwide, 709 businesses in the "Industrial Mold Manufacturing" industry received a total of $233,949,824.00 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 24 employees, 83% lower than Carlson Tool & Manufacturing Corp.'s reported 142 employees, and received an average PPP loan of $329,972, 87% lower than this company's loan of $2.63M.
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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