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PPP Loan Data — Dayton Rogers Manufacturing Company, Minneapolis, MN

SBA PPP loan data, payroll data, and salaries for Dayton Rogers Manufacturing Company
MN

Dayton Rogers Manufacturing Company

Entity: Limited Liability Company (LLC)

Industry: Sheet Metal Work Manufacturing

Location: Minneapolis, MN

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Dayton Rogers Manufacturing Company is a limited liability company (LLC) located at 8401 W 35w Service Drive in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,053,237.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.05M

Jobs Retained:

190

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Dayton Rogers Manufacturing Company in Minneapolis, MN received a Paycheck Protection Loan of $3.05M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dayton Rogers Manufacturing Company's total 2019 payroll expenses were approximately $14.66M in order to qualify for the PPP loan amount received.

Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $77,134 per employee1.

Because the loan received by Dayton Rogers Manufacturing Company 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 - Dayton Rogers Manufacturing Company in Minneapolis, MN

Dayton Rogers Manufacturing Company
8401 W 35w Service Drive
Minneapolis, MN 55449

Business Industry

Sheet Metal Work Manufacturing (NAICS code 332322)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-04

Industry PPP Comparison Statistics

Nationwide, 2,639 businesses in the "Sheet Metal Work Manufacturing" industry received a total of $793,668,527.00 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 21 employees, 89% lower than Dayton Rogers Manufacturing Company's reported 190 employees, and received an average PPP loan of $300,746, 90% lower than this company's loan of $3.05M.

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/dayton-rogers-manufacturing-company-minneapolis-mn