PPP Loan Data — Precision Metals Group LLC, Mentor, OH
Precision Metals Group LLC is a limited liability company (LLC) located at 8687 Tyler Blvd in Mentor, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,710,072.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Precision Metals Group LLC received a Paycheck Protection Loan of $3.71M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Precision Metals Group LLC's total 2019 payroll expenses were approximately $17.81M in order to qualify for the PPP loan amount received.
Based on their reported 311 jobs retained, this equals an estimated average yearly compensation of $57,262 per employee1.
Business Information - Precision Metals Group LLC in Mentor, OH
8687 Tyler Blvd
Mentor, OH 44060
Saw Blade and Handtool Manufacturing (NAICS code 332216)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-14
Industry PPP Comparison Statistics
Nationwide, 544 businesses in the "Saw Blade and Handtool Manufacturing" industry received a total of $114,805,142.00 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, 95% lower than Precision Metals Group LLC's reported 311 employees, and received an average PPP loan of $211,039, 94% lower than this company's loan of $3.71M.
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Footnotes & Information
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