PPP Loan Data — Metal Forming & Coining Corporation, Maumee, OH
Metal Forming & Coining Corporation
Location: Maumee, OHTweet This • Search All PPP Data
Metal Forming & Coining Corporation is a corporation located at 1007 Illinois Ave in Maumee, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,631,700.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Metal Forming & Coining Corporation received a Paycheck Protection Loan of $2.63M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Metal Forming & Coining Corporation's total 2019 payroll expenses were approximately $12.63M in order to qualify for the PPP loan amount received.
Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $73,018 per employee1.
Business Information - Metal Forming & Coining Corporation in Maumee, OH
1007 Illinois Ave
Maumee, OH 43537
Motor Vehicle Transmission and Power Train Parts Manufacturing (NAICS code 336350)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-05
Industry PPP Comparison Statistics
Nationwide, 238 businesses in the "Motor Vehicle Transmission and Power Train Parts Manufacturing" industry received a total of $103,227,057.00 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 31 employees, 82% lower than Metal Forming & Coining Corporation's reported 173 employees, and received an average PPP loan of $433,727, 84% lower than this company's loan of $2.63M.
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Footnotes & Information
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