PPP Loan Data — Tolomatic, Inc., Hamel, MN
Tolomatic, Inc. is a subchapter s corporation located at 3800 Country Road 116 in Hamel, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,659,700.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Tolomatic, Inc. in Hamel, MN received a Paycheck Protection Loan of $3.66M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tolomatic, Inc.'s total 2019 payroll expenses were approximately $17.57M in order to qualify for the PPP loan amount received.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $81,327 per employee1.
Business Information - Tolomatic, Inc. in Hamel, MN
3800 Country Road 116
Hamel, MN 55340
All Other Transportation Equipment Manufacturing (NAICS code 336999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Industry PPP Comparison Statistics
Nationwide, 800 businesses in the "All Other Transportation Equipment Manufacturing" industry received a total of $102,256,573.00 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 11 employees, 95% lower than Tolomatic, Inc.'s reported 216 employees, and received an average PPP loan of $127,821, 97% lower than this company's loan of $3.66M.
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Footnotes & Information
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