PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Wilson Tool Enterprises, Inc, White Bear Lake, MN

SBA PPP loan data, payroll data, and salaries for Wilson Tool Enterprises, Inc
MN

Wilson Tool Enterprises, Inc

Entity: Subchapter S Corporation

Industry: Special Die and Tool, Die Set, Jig, and Fixture Manufacturing

Location: White Bear Lake, MN

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

Loan Size:

$9.86M

Jobs Retained:

498

Loan Approved:

2020-04-15

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.

Because the loan received by Wilson Tool Enterprises, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Wilson Tool Enterprises, Inc in White Bear Lake, MN

Wilson Tool Enterprises, Inc
12912 Farnham Avenue
White Bear Lake, MN 55110

Business Industry

Special Die and Tool, Die Set, Jig, and Fixture Manufacturing (NAICS code 333514)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/wilson-tool-enterprises-inc-white-bear-lake-mn