PPP Loan Data — Bassett Inc., Kaukauna, WI
Location: Kaukauna, WITweet This • Search All PPP Data
Bassett Inc. is a corporation located at 1215 Hyland Ave in Kaukauna, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $4,000,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 382 people during the applicable loan loan period.
$ PPP Loan Information
Lender:NICOLET NATIONAL BANK
Bassett Inc. received a Paycheck Protection Loan of $4M through NICOLET NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bassett Inc.'s total 2019 payroll expenses were approximately $19.2M in order to qualify for the PPP loan amount received.
Based on their reported 382 jobs retained, this equals an estimated average yearly compensation of $50,262 per employee1.
Business Information - Bassett Inc. in Kaukauna, WI
1215 Hyland Ave
Kaukauna, WI 54130
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: WI-08
Similar Companies near Kaukauna
In the Kaukauna area, 15 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 382) and received an average PPP loan of $404,658 (compared to this company's $4M).
Similar Nearby Businesses Who Received PPP Funding:
S & A Peters Heating & Cooling, LLC
Baumgart Mechanical, Inc
The Rite Temp LLC
Schuh And Mulry Heating And Cooling, Inc.
Midwest Mechanical LLC
Swinkles Trucking & Excavating Corp.
Berken Heating & Cooling, Inc.
Mchugh Plumbing LLC
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 97% lower than Bassett Inc.'s reported 382 employees, and received an average PPP loan of $154,981, 96% lower than this company's loan of $4M.
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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