PPP Loan Data — Precision Medical Technologies, Inc., Warsaw, IN
Precision Medical Technologies, Inc.
Entity: Subchapter S Corporation
Location: Warsaw, INTweet This • Search All PPP Data
Precision Medical Technologies, Inc. is a subchapter s corporation located at 2059 N Pound Drive W in Warsaw, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,696,562.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 205 people during the applicable loan loan period.
$ PPP Loan Information
Lender:LAKE CITY BANK
Precision Medical Technologies, Inc. in Warsaw, IN received a Paycheck Protection Loan of $2.7M through LAKE CITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Precision Medical Technologies, Inc.'s total 2019 payroll expenses were approximately $12.94M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $63,139 per employee1.
Business Information - Precision Medical Technologies, Inc. in Warsaw, IN
2059 N Pound Drive W
Warsaw, IN 46582
All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS code 332999)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IN-03
Similar Companies near Warsaw
In the Warsaw area, 2 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 205) and received an average PPP loan of $1,417,231 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
Lake City Enterprise, Inc
Industry PPP Comparison Statistics
Nationwide, 4,328 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1,219,008,137.00 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 22 employees, 89% lower than Precision Medical Technologies, Inc.'s reported 205 employees, and received an average PPP loan of $281,656, 90% lower than this company's loan of $2.7M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!