FederalPay.org
PPP Loan Data — The Atlantic Tool & Die Company,
Strongsville, OH
The Atlantic Tool & Die Company
Entity: Corporation
Industry: Metal Crown, Closure, and Other Metal Stamping (except Automotive)
Location: Strongsville, OH
Tweet This
•
Search All PPP Data
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:
250Loan Approved:
2020-04-07Lender:
PNC BANK, NATIONAL ASSOCIATIONThe 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.
Business Information - The Atlantic Tool & Die Company in Strongsville, OH
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-16Industry 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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!