PPP Loan Data — Mate Precision Tooling Inc., Anoka, MN
Mate Precision Tooling Inc.
Location: Anoka, MNTweet This • Search All PPP Data
Mate Precision Tooling Inc. is a corporation located at 1295 Lund Blvd in Anoka, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,010,800.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:SUNRISE BANKS, NATIONAL ASSOCIATION
Mate Precision Tooling Inc. received a Paycheck Protection Loan of $5.01M through SUNRISE BANKS, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mate Precision Tooling Inc.'s total 2019 payroll expenses were approximately $24.05M in order to qualify for the PPP loan amount received.
Unlike most businesses, Mate Precision Tooling Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Mate Precision Tooling Inc. in Anoka, MN
1295 Lund Blvd
Anoka, MN 55303
Cutting Tool and Machine Tool Accessory Manufacturing (NAICS code 333515)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-06
Similar Companies near Anoka
In the Anoka area, 2 businesses in the "Cutting Tool and Machine Tool Accessory Manufacturing" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 0) and received an average PPP loan of $2,544,350 (compared to this company's $5.01M).
Similar Nearby Businesses Who Received PPP Funding:
Digital Automation Technical Service, Inc
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, and received an average PPP loan of $243,656, 95% lower than this company's loan of $5.01M.
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Footnotes & Information
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