PPP Loan Data — The Enterprise Tool & Die Co, Brooklyn Heights, OH
The Enterprise Tool & Die Co
Location: Brooklyn Heights, OHTweet This • Search All PPP Data
The Enterprise Tool & Die Co is a corporation located at 4940 Schaaf Ln in Brooklyn Heights, Ohio that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
The Enterprise Tool & Die Co in Brooklyn Heights, OH received a Paycheck Protection Loan of $46,700 through PNC Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, The Enterprise Tool & Die Co's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,832 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Enterprise Tool & Die Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - The Enterprise Tool & Die Co in Brooklyn Heights, OH
4940 Schaaf Ln
Brooklyn Heights, OH 44131
Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
NAICS code 333514
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn Heights
In the Brooklyn Heights area, 3 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 26 employees (compared to this company's 5) and received an average PPP loan of $307,698 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
The American Punch Co
Industry PPP Comparison Statistics
Nationwide, 2,252 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a total of $606.43M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 21 employees, 320% higher than The Enterprise Tool & Die Co's reported 5 employees, and received an average PPP loan of $269,284, 477% higher than this company's loan of $46,700.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!