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PPP Loan Data — Danville Metal Stamping Co, Inc., Danville, IL

SBA PPP loan data, payroll data, and salaries for Danville Metal Stamping Co, Inc.

Danville Metal Stamping Co, Inc.

Entity: Subchapter S Corporation

Industry: Aircraft Engine and Engine Parts Manufacturing

Location: Danville, IL

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Danville Metal Stamping Co, Inc. is a subchapter s corporation located at 20 Oakwood Ave in Danville, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,258,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Danville Metal Stamping Co, Inc. in Danville, IL received a Paycheck Protection Loan of $6.26M through OLD NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Danville Metal Stamping Co, Inc.'s total 2019 payroll expenses were approximately $30.04M in order to qualify for the PPP loan amount received.

Based on their reported 476 jobs retained, this equals an estimated average yearly compensation of $63,106 per employee1.

Because the loan received by Danville Metal Stamping Co, Inc. 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 - Danville Metal Stamping Co, Inc. in Danville, IL

Danville Metal Stamping Co, Inc.
20 Oakwood Ave
Danville, IL 61832

Business Industry

Aircraft Engine and Engine Parts Manufacturing (NAICS code 336412)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-15

Industry PPP Comparison Statistics

Nationwide, 449 businesses in the "Aircraft Engine and Engine Parts Manufacturing" industry received a total of $220,243,418.00 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 32 employees, 93% lower than Danville Metal Stamping Co, Inc.'s reported 476 employees, and received an average PPP loan of $490,520, 92% lower than this company's loan of $6.26M.

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.

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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 - The Civil Employee's Resource **