PPP Loan Data — The Atlantic Tool & Die Company, Strongsville, OH
The Atlantic Tool & Die Company
Location: Strongsville, OHTweet 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
Lender:PNC BANK, NATIONAL ASSOCIATION
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.
Business Information - The Atlantic Tool & Die Company in Strongsville, OH
19963 Progress Dr
Strongsville, OH 44149
Metal Crown, Closure, and Other Metal Stamping (except Automotive) (NAICS code 332119)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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Footnotes & Information
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