PPP Loan Data — The American Tank & Fabricating Company, Cleveland, OH
The American Tank & Fabricating Company is a corporation located at 12314 Elmwood Ave in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,992,100.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
The American Tank & Fabricating Company in Cleveland, OH received a Paycheck Protection Loan of $2.99M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The American Tank & Fabricating Company's total 2019 payroll expenses were approximately $14.36M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $57,448 per employee1.
Business Information - The American Tank & Fabricating Company in Cleveland, OH
12314 Elmwood Ave
Cleveland, OH 44111
Fabricated Structural Metal Manufacturing (NAICS code 332312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-09
Similar Companies near Cleveland
In the Cleveland area, 4 businesses in the "Fabricated Structural Metal Manufacturing" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 250) and received an average PPP loan of $797,678 (compared to this company's $2.99M).
Similar Nearby Businesses Who Received PPP Funding:
Premier Metal Trading LLC
Upright Steel Fabricators & Erectors, LLC
National Rental And Sales LLC
Industry PPP Comparison Statistics
Nationwide, 3,076 businesses in the "Fabricated Structural Metal Manufacturing" industry received a total of $957,416,230.00 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 23 employees, 91% lower than The American Tank & Fabricating Company's reported 250 employees, and received an average PPP loan of $311,254, 90% lower than this company's loan of $2.99M.
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Footnotes & Information
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