PPP Loan Data — Alto-Shaam, Inc., Menomonee Falls, WI
Entity: Subchapter S Corporation
Location: Menomonee Falls, WITweet This • Search All PPP Data
Alto-Shaam, Inc. is a subchapter s corporation located at W164 N9221 Water Street in Menomonee Falls, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $7,204,087.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Alto-Shaam, Inc. received a Paycheck Protection Loan of $7.2M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Alto-Shaam, Inc.'s total 2019 payroll expenses were approximately $34.58M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $69,159 per employee1.
Business Information - Alto-Shaam, Inc. in Menomonee Falls, WI
W164 N9221 Water Street
Menomonee Falls, WI 53051
Other Commercial and Service Industry Machinery Manufacturing (NAICS code 333318)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-05
Similar Companies near Menomonee Falls
In the Menomonee Falls area, 3 businesses in the "Other Commercial and Service Industry Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 175 employees (compared to this company's 500) and received an average PPP loan of $2,486,118 (compared to this company's $7.2M).
Similar Nearby Businesses Who Received PPP Funding:
Gateway Sales, Inc.
Menomonee Falls, WI
American Sewer Parts & Cleaning, Inc.
Menomonee Falls, WI
Industry PPP Comparison Statistics
Nationwide, 1,622 businesses in the "Other Commercial and Service Industry Machinery Manufacturing" industry received a total of $379,610,557.00 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 16 employees, 97% lower than Alto-Shaam, Inc.'s reported 500 employees, and received an average PPP loan of $234,039, 97% lower than this company's loan of $7.2M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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.
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