PPP Loan Data — R & D Tool & Engineering Co., Lees Summit, MO
R & D Tool & Engineering Co.
Location: Lees Summit, MOTweet This • Search All PPP Data
R & D Tool & Engineering Co. is a corporation located at 1009 Browning Ave. in Lees Summit, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,845,900.00 in April, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:UMB BANK, NATIONAL ASSOCIATION
R & D Tool & Engineering Co. in Lees Summit, MO received a Paycheck Protection Loan of $2.85M through UMB BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, R & D Tool & Engineering Co.'s total 2019 payroll expenses were approximately $13.66M in order to qualify for the PPP loan amount received.
Unlike most businesses, R & D Tool & Engineering Co.'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 - R & D Tool & Engineering Co. in Lees Summit, MO
1009 Browning Ave.
Lees Summit, MO 64081
Special Die and Tool, Die Set, Jig, and Fixture Manufacturing (NAICS code 333514)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: MO-05
Similar Companies near Lees Summit
In the Lees Summit area, 2 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 0) and received an average PPP loan of $1,467,600 (compared to this company's $2.85M).
Similar Nearby Businesses Who Received PPP Funding:
Dynacut Manufacturing, LLC
Lees Summit, MO
Industry PPP Comparison Statistics
Nationwide, 1,417 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a total of $407,746,564.00 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 19 employees, and received an average PPP loan of $287,753, 90% lower than this company's loan of $2.85M.
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.
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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