PPP Loan Data — Bell Ambulance, Inc., Milwaukee, WI
Bell Ambulance, Inc. is a subchapter s corporation located at 549 E Wilson St in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,889,535.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 384 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST MIDWEST BANK
Bell Ambulance, Inc. in Milwaukee, WI received a Paycheck Protection Loan of $2.89M through FIRST MIDWEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bell Ambulance, Inc.'s total 2019 payroll expenses were approximately $13.87M in order to qualify for the PPP loan amount received.
Based on their reported 384 jobs retained, this equals an estimated average yearly compensation of $36,119 per employee1.
Business Information - Bell Ambulance, Inc. in Milwaukee, WI
549 E Wilson St
Milwaukee, WI 53207
Ambulance Services (NAICS code 621910)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: WI-04
Industry PPP Comparison Statistics
Nationwide, 2,115 businesses in the "Ambulance Services" industry received a total of $665,909,225.00 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 37 employees, 90% lower than Bell Ambulance, Inc.'s reported 384 employees, and received an average PPP loan of $314,851, 89% lower than this company's loan of $2.89M.
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.
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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