PPP Loan Data — Wilson Tool Enterprises, Inc, White Bear Lake, MN
Wilson Tool Enterprises, Inc
Entity: Subchapter S Corporation
Location: White Bear Lake, MNTweet This • Search All PPP Data
Wilson Tool Enterprises, Inc is a subchapter s corporation located at 12912 Farnham Avenue in White Bear Lake, Minnesota that received a Coronavirus-related PPP loan from the SBA of $9,857,740.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Wilson Tool Enterprises, Inc in White Bear Lake, MN received a Paycheck Protection Loan of $9.86M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wilson Tool Enterprises, Inc's total 2019 payroll expenses were approximately $47.32M in order to qualify for the PPP loan amount received.
Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $95,014 per employee1.
Business Information - Wilson Tool Enterprises, Inc in White Bear Lake, MN
12912 Farnham Avenue
White Bear Lake, MN 55110
Special Die and Tool, Die Set, Jig, and Fixture Manufacturing (NAICS code 333514)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-04
Industry PPP Comparison Statistics
Nationwide, 1,417 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a total of $407,746,564.00 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 19 employees, 96% lower than Wilson Tool Enterprises, Inc's reported 498 employees, and received an average PPP loan of $287,753, 97% lower than this company's loan of $9.86M.
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