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PPP Loan Data — The Atlantic Tool & Die Company, Strongsville, OH

SBA PPP loan data, payroll data, and salaries for The Atlantic Tool & Die Company

The Atlantic Tool & Die Company

Entity: Corporation

Industry: Metal Crown, Closure, and Other Metal Stamping (except Automotive)

Location: Strongsville, OH

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The Atlantic Tool & Die Company is a corporation located at 19963 Progress Dr in Strongsville, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,198,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




The Atlantic Tool & Die Company received a Paycheck Protection Loan of $3.2M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Atlantic Tool & Die Company's total 2019 payroll expenses were approximately $15.35M 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 $61,407 per employee1.

Because the loan received by The Atlantic Tool & Die Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Atlantic Tool & Die Company in Strongsville, OH

The Atlantic Tool & Die Company
19963 Progress Dr
Strongsville, OH 44149

Business Industry

Metal Crown, Closure, and Other Metal Stamping (except Automotive) (NAICS code 332119)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-16

Industry PPP Comparison Statistics

Nationwide, 688 businesses in the "Metal Crown, Closure, and Other Metal Stamping (except Automotive)" industry received a total of $316,503,616.00 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 35 employees, 86% lower than The Atlantic Tool & Die Company's reported 250 employees, and received an average PPP loan of $460,034, 86% lower than this company's loan of $3.2M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By - The Civil Employee's Resource **